Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Expands By 29.9%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 338,013 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 338,013 shares, the short-interest ratio is presently 0.2 days.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5%

NYSEARCA:FTEC opened at $216.12 on Tuesday. The firm has a 50-day moving average price of $221.57 and a two-hundred day moving average price of $222.82. 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 market capitalization of $15.78 billion, a P/E ratio of 35.45 and a beta of 1.24.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Large investors have recently modified their holdings of the business. Financial Life Planners purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at approximately $25,000. AlphaCore Capital LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at $26,000. Bessemer Group Inc. purchased a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $26,000. Wealth Watch Advisors INC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $30,000. Finally, Strategic Advocates LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $31,000.

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.