Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Shorted: Short Interest Up 139.9% in September

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 371,323 shares, a growth of 139.9% from the September 15th total of 154,779 shares. Based on an average daily volume of 253,914 shares, the short-interest ratio is currently 1.5 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FTEC. Lido Advisors LLC raised its position in Fidelity MSCI Information Technology Index ETF by 3.6% during the first quarter. Lido Advisors LLC now owns 2,175,818 shares of the company’s stock valued at $452,679,000 after purchasing an additional 75,631 shares in the last quarter. Sterling Investment Counsel LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2,538.7% in the first quarter. Sterling Investment Counsel LLC now owns 34,567 shares of the company’s stock worth $7,192,000 after purchasing an additional 33,257 shares during the last quarter. Go Invest LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at about $9,806,000. Marotta Asset Management raised its position in Fidelity MSCI Information Technology Index ETF by 67.0% during the 1st quarter. Marotta Asset Management now owns 68,189 shares of the company’s stock valued at $14,368,000 after purchasing an additional 27,346 shares during the last quarter. Finally, Signal Advisors Wealth LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 219.8% in the 3rd quarter. Signal Advisors Wealth LLC now owns 37,732 shares of the company’s stock worth $11,322,000 after buying an additional 25,934 shares during the period.

Fidelity MSCI Information Technology Index ETF Stock Down 2.9%

Fidelity MSCI Information Technology Index ETF stock opened at $293.08 on Thursday. The stock has a market capitalization of $21.63 billion, a PE ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a twelve month low of $198.17 and a twelve month high of $311.83. The company has a 50 day moving average of $292.36 and a 200-day moving average of $273.60.

About Fidelity MSCI Information Technology Index ETF

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.