Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Increases By 460.3%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 151,576 shares, a growth of 460.3% from the December 31st total of 27,054 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 191,514 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 191,514 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Fidelity MSCI Financials Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FNCL. UBS Group AG raised its stake in Fidelity MSCI Financials Index ETF by 8.1% during the fourth quarter. UBS Group AG now owns 32,329 shares of the company’s stock valued at $2,513,000 after buying an additional 2,409 shares during the last quarter. PFG Advisors increased its holdings in shares of Fidelity MSCI Financials Index ETF by 5.6% during the fourth quarter. PFG Advisors now owns 19,691 shares of the company’s stock valued at $1,531,000 after acquiring an additional 1,049 shares in the last quarter. Smith Salley Wealth Management raised its position 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. Benchmark Financial Wealth Advisors LLC boosted its stake in Fidelity MSCI Financials Index ETF by 10.8% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 9,733 shares of the company’s stock worth $757,000 after purchasing an additional 951 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in Fidelity MSCI Financials Index ETF by 7.8% during the 4th quarter. AE Wealth Management LLC now owns 110,510 shares of the company’s stock valued at $8,591,000 after purchasing an additional 8,002 shares during the last quarter.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA FNCL opened at $76.47 on Friday. Fidelity MSCI Financials Index ETF has a 1 year low of $58.68 and a 1 year high of $80.31. The firm has a 50-day moving average of $77.17 and a 200 day moving average of $75.84. The stock has a market cap of $2.42 billion, a P/E ratio of 17.73 and a beta of 1.02.

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.