Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Declines By 70.0%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 45,545 shares, a decrease of 70.0% from the January 15th total of 151,576 shares. Based on an average daily trading volume, of 126,078 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 126,078 shares, the short-interest ratio is presently 0.4 days.

Fidelity MSCI Financials Index ETF Stock Performance

Fidelity MSCI Financials Index ETF stock traded down $1.18 during mid-day trading on Wednesday, reaching $75.37. 120,541 shares of the company were exchanged, compared to its average volume of 143,630. The firm has a market cap of $2.38 billion, a PE ratio of 17.73 and a beta of 1.02. The firm’s 50-day simple moving average is $77.50 and its two-hundred day simple moving average is $75.96. Fidelity MSCI Financials Index ETF has a twelve month low of $58.68 and a twelve month high of $80.31.

Institutional Trading of Fidelity MSCI Financials Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lido Advisors LLC boosted its holdings in Fidelity MSCI Financials Index ETF by 7.8% in the 3rd quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock valued at $206,428,000 after purchasing an additional 196,045 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 47.4% in the 3rd quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock valued at $65,186,000 after buying an additional 274,708 shares during the period. LPL Financial LLC grew its holdings in Fidelity MSCI Financials Index ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock worth $27,043,000 after acquiring an additional 56,045 shares during the period. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in Fidelity MSCI Financials Index ETF in the third quarter worth $26,099,000. Finally, Vicus Capital raised its position in Fidelity MSCI Financials Index ETF by 3.6% in the third quarter. Vicus Capital now owns 310,394 shares of the company’s stock worth $23,695,000 after acquiring an additional 10,742 shares in the last quarter.

About Fidelity MSCI Financials Index ETF

The Fidelity MSCI Financials Index ETF (FNCL) is an exchange-traded fund that is based on the MSCI USA IMI Financials 25\u002F50 index, a market-cap-weighted index of US financial companies across the entire market-cap spectrum. FNCL was launched on Oct 21, 2013 and is managed by Fidelity.