Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Update

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 7,304 shares, a drop of 85.8% from the March 15th total of 51,450 shares. Based on an average daily trading volume, of 167,674 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AlphaCore Capital LLC grew its holdings in shares of Fidelity MSCI Financials Index ETF by 833.3% during the 4th quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares in the last quarter. Colonial Trust Co SC boosted its stake in Fidelity MSCI Financials Index ETF by 56.9% in the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares in the last quarter. Caldwell Trust Co acquired a new position in Fidelity MSCI Financials Index ETF in the second quarter worth $44,000. Sound Income Strategies LLC boosted its stake in Fidelity MSCI Financials Index ETF by 340.6% in the fourth quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock worth $47,000 after purchasing an additional 470 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 1,427.5% during the third quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock worth $47,000 after acquiring an additional 571 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 1.0%

NYSEARCA FNCL traded down $0.76 during trading on Friday, reaching $72.36. 99,713 shares of the company’s stock were exchanged, compared to its average volume of 144,238. Fidelity MSCI Financials Index ETF has a fifty-two week low of $62.84 and a fifty-two week high of $80.31. The firm has a market capitalization of $2.24 billion, a PE ratio of 17.73 and a beta of 0.95. The company’s fifty day simple moving average is $72.46 and its 200-day simple moving average is $74.84.

About Fidelity MSCI Financials Index ETF

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.