Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Up 57.1% in July

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 18,940 shares, an increase of 57.1% from the July 15th total of 12,053 shares. Based on an average daily trading volume, of 37,197 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA:FMAT opened at $60.20 on Thursday. Fidelity MSCI Materials Index ETF has a fifty-two week low of $48.76 and a fifty-two week high of $62.84. The business has a 50-day moving average of $58.88 and a two-hundred day moving average of $59.12. The stock has a market capitalization of $608.02 million, a P/E ratio of 23.26 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its holdings in Fidelity MSCI Materials Index ETF by 4.9% during the first quarter. Lido Advisors LLC now owns 654,663 shares of the company’s stock valued at $37,735,000 after purchasing an additional 30,472 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 23,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock worth $17,787,000 after buying an additional 333,484 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 614.1% during the 1st quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock worth $5,821,000 after buying an additional 86,844 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 83.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock worth $5,124,000 after buying an additional 43,872 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Fidelity MSCI Materials Index ETF by 9.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 82,732 shares of the company’s stock valued at $4,394,000 after buying an additional 7,466 shares during the last quarter.

Fidelity MSCI Materials Index ETF Company Profile

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.