Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Down 90.1% in April

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 3,397 shares, a decline of 90.1% from the April 15th total of 34,241 shares. Based on an average daily trading volume, of 200,779 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNCL. BIP Wealth LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 5.1% in the 1st quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock worth $231,000 after purchasing an additional 161 shares during the last quarter. Paragon Private Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.3% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 7,118 shares of the company’s stock worth $543,000 after purchasing an additional 163 shares during the last quarter. Mcrae Capital Management Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 3.3% in the 3rd quarter. Mcrae Capital Management Inc. now owns 6,312 shares of the company’s stock worth $482,000 after purchasing an additional 202 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 56.9% in the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares during the last quarter. Finally, Smith Salley Wealth Management lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 0.4% in the 4th quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock worth $4,378,000 after purchasing an additional 209 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 1.1%

FNCL stock traded down $0.84 during trading on Wednesday, hitting $72.61. 107,421 shares of the company’s stock were exchanged, compared to its average volume of 146,571. The business has a 50-day moving average price of $72.07 and a two-hundred day moving average price of $74.63. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 17.73 and a beta of 0.92. Fidelity MSCI Financials Index ETF has a 52-week low of $67.76 and a 52-week high of $80.31.

Fidelity MSCI Financials Index ETF Company Profile

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.