Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Down 52.8% in February

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 25,307 shares, a decrease of 52.8% from the January 29th total of 53,607 shares. Based on an average daily trading volume, of 64,547 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 64,547 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of Fidelity MSCI Materials Index ETF by 1,778.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,480 shares of the company’s stock worth $124,000 after purchasing an additional 2,348 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Fidelity MSCI Materials Index ETF by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 50,589 shares of the company’s stock valued at $2,444,000 after acquiring an additional 589 shares during the last quarter. GWN Securities Inc. purchased a new position in Fidelity MSCI Materials Index ETF in the 2nd quarter valued at $237,000. Lifeworks Advisors LLC grew its holdings in shares of Fidelity MSCI Materials Index ETF by 10.7% during the second quarter. Lifeworks Advisors LLC now owns 32,288 shares of the company’s stock worth $1,610,000 after buying an additional 3,118 shares in the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of Fidelity MSCI Materials Index ETF by 0.6% during the second quarter. AE Wealth Management LLC now owns 915,330 shares of the company’s stock worth $45,648,000 after buying an additional 5,781 shares in the last quarter.

Fidelity MSCI Materials Index ETF Trading Up 0.7%

NYSEARCA FMAT traded up $0.46 on Friday, hitting $62.52. 37,453 shares of the company’s stock traded hands, compared to its average volume of 52,953. The firm’s 50-day moving average price is $58.24 and its two-hundred day moving average price is $54.10. The firm has a market capitalization of $550.18 million, a PE ratio of 23.26 and a beta of 1.07. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $62.84.

About Fidelity MSCI Materials Index ETF

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.