Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Decreases By 40.6%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 6,899 shares, a decrease of 40.6% from the May 14th total of 11,618 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 104,744 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. lifted its position in shares of Fidelity MSCI Financials Index ETF by 4.1% in the 1st quarter. Centaurus Financial Inc. now owns 8,787 shares of the company’s stock worth $617,000 after purchasing an additional 343 shares during the period. Royal Bank of Canada lifted its position in shares of Fidelity MSCI Financials Index ETF by 370.6% in the 1st quarter. Royal Bank of Canada now owns 79,882 shares of the company’s stock worth $5,608,000 after purchasing an additional 62,906 shares during the period. Quantinno Capital Management LP lifted its position in shares of Fidelity MSCI Financials Index ETF by 5.7% in the 1st quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock worth $1,416,000 after purchasing an additional 1,090 shares during the period. Cetera Investment Advisers lifted its position in shares of Fidelity MSCI Financials Index ETF by 13.2% in the 1st quarter. Cetera Investment Advisers now owns 34,664 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,043 shares during the period. Finally, Pacific Sun Financial Corp lifted its position in shares of Fidelity MSCI Financials Index ETF by 28.0% in the 1st quarter. Pacific Sun Financial Corp now owns 11,402 shares of the company’s stock worth $800,000 after purchasing an additional 2,491 shares during the period.

Fidelity MSCI Financials Index ETF Price Performance

FNCL stock traded up $0.21 during mid-day trading on Monday, reaching $76.28. The company had a trading volume of 75,990 shares, compared to its average volume of 136,910. The company has a market capitalization of $2.27 billion, a PE ratio of 17.73 and a beta of 0.90. The firm has a 50 day moving average of $73.68 and a 200 day moving average of $74.58. Fidelity MSCI Financials Index ETF has a 12 month low of $67.76 and a 12 month high of $80.31.

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.