Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Update

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 19,485 shares, a drop of 45.5% from the November 30th total of 35,725 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 30,666 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 30,666 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

A number of hedge funds have recently made changes to their positions in the business. Caldwell Trust Co bought a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at $27,000. Howe & Rusling Inc. bought a new stake in shares of Fidelity MSCI Materials Index ETF during the second quarter valued at about $35,000. Ameritas Advisory Services LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the second quarter worth about $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Materials Index ETF by 33.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock valued at $70,000 after buying an additional 352 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $54.18 on Friday. Fidelity MSCI Materials Index ETF has a one year low of $41.39 and a one year high of $54.20. The company has a 50-day simple moving average of $51.42 and a 200-day simple moving average of $51.56. The firm has a market capitalization of $444.28 million, a P/E ratio of 23.26 and a beta of 1.07.

Fidelity MSCI Materials Index ETF Company Profile

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.