Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Up 368.8% in April

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 34,241 shares, an increase of 368.8% from the March 31st total of 7,304 shares. Based on an average daily trading volume, of 101,928 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity MSCI Financials Index ETF Stock Down 0.6%

Shares of FNCL stock opened at $73.58 on Friday. Fidelity MSCI Financials Index ETF has a fifty-two week low of $66.20 and a fifty-two week high of $80.31. The stock has a market cap of $2.28 billion, a P/E ratio of 17.73 and a beta of 0.95. The business has a fifty day simple moving average of $72.12 and a 200-day simple moving average of $74.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FNCL. Sava Penzisko Drushtvo A.D. Skopje purchased a new position in shares of Fidelity MSCI Financials Index ETF in the third quarter valued at $26,099,000. AGF Management Ltd. increased its stake in shares of Fidelity MSCI Financials Index ETF by 47.4% during the 3rd quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock worth $65,186,000 after purchasing an additional 274,708 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Fidelity MSCI Financials Index ETF by 3,442.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock worth $20,928,000 after purchasing an additional 266,401 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Financials Index ETF by 7.8% during the 3rd quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock worth $206,428,000 after purchasing an additional 196,045 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Financials Index ETF by 122.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 209,048 shares of the company’s stock worth $15,959,000 after purchasing an additional 115,117 shares in the last quarter.

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.