Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Update

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 73,336 shares, a growth of 29.9% from the February 12th total of 56,472 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 338,013 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 338,013 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several institutional investors have recently made changes to their positions in the stock. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $25,000. AlphaCore Capital LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth $26,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $26,000. Wealth Watch Advisors INC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $30,000. Finally, Strategic Advocates LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $31,000.

Fidelity MSCI Information Technology Index ETF Trading Down 0.9%

Shares of NYSEARCA:FTEC traded down $1.92 on Friday, reaching $213.01. 538,998 shares of the company’s stock were exchanged, compared to its average volume of 438,307. Fidelity MSCI Information Technology Index ETF has a twelve month low of $134.11 and a twelve month high of $240.25. The company has a fifty day moving average of $221.76 and a 200-day moving average of $222.68. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24.

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.