Short Interest in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Grows By 126.3%

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 44,085 shares, an increase of 126.3% from the December 15th total of 19,485 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 40,286 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 40,286 shares, the short-interest ratio is currently 1.1 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity MSCI Materials Index ETF

Hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 15.4% in the third quarter. AE Wealth Management LLC now owns 1,055,982 shares of the company’s stock worth $55,365,000 after acquiring an additional 140,652 shares during the last quarter. AGF Management Ltd. lifted its holdings in Fidelity MSCI Materials Index ETF by 91.5% in the 2nd quarter. AGF Management Ltd. now owns 159,257 shares of the company’s stock valued at $7,942,000 after purchasing an additional 76,078 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 23,823.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 55,263 shares of the company’s stock valued at $2,756,000 after purchasing an additional 55,032 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 8.7% during the 3rd quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock worth $32,677,000 after purchasing an additional 49,681 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter worth about $1,454,000.

Fidelity MSCI Materials Index ETF Price Performance

FMAT traded up $0.01 during midday trading on Wednesday, reaching $57.55. 6,121 shares of the company’s stock were exchanged, compared to its average volume of 35,586. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $57.85. The stock has a market capitalization of $494.96 million, a PE ratio of 23.26 and a beta of 1.07. The business’s 50-day moving average price is $52.38 and its 200 day moving average price is $52.06.

About Fidelity MSCI Materials Index ETF

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.