Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Down 60.2% in February

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 56,472 shares, a decrease of 60.2% from the January 29th total of 141,830 shares. Based on an average trading volume of 416,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 416,000 shares, the short-interest ratio is presently 0.1 days.

Fidelity MSCI Information Technology Index ETF Stock Down 1.9%

Shares of Fidelity MSCI Information Technology Index ETF stock opened at $216.55 on Friday. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of 35.45 and a beta of 1.24. 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 50-day simple moving average of $223.77 and a two-hundred day simple moving average of $221.97.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Large investors have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.0% during the 4th quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock valued at $559,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co raised its stake in Fidelity MSCI Information Technology Index ETF by 2.1% in the fourth quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock valued at $544,000 after purchasing an additional 50 shares in the last quarter. Instrumental Wealth LLC lifted its position in Fidelity MSCI Information Technology Index ETF by 1.8% during the third quarter. Instrumental Wealth LLC now owns 2,928 shares of the company’s stock worth $691,000 after purchasing an additional 52 shares during the period. OMNI 360 Wealth Inc. grew its stake in Fidelity MSCI Information Technology Index ETF by 2.8% during the third quarter. OMNI 360 Wealth Inc. now owns 1,952 shares of the company’s stock worth $434,000 after buying an additional 53 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in Fidelity MSCI Information Technology Index ETF by 2.9% during the third quarter. Global Retirement Partners LLC now owns 1,892 shares of the company’s stock worth $420,000 after buying an additional 54 shares in the last quarter.

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.