Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Stock Short Interest Rises 97.9%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 131,632 shares, an increase of 97.9% from the August 31st total of 66,518 shares. Based on an average trading volume of 143,214 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity MSCI Financials Index ETF Trading Down 1.1%

Shares of FNCL stock traded down $0.86 during mid-day trading on Wednesday, reaching $75.72. The stock had a trading volume of 765,365 shares, compared to its average volume of 130,188. The business’s fifty day moving average is $81.10 and its 200-day moving average is $76.70. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 17.73 and a beta of 0.89. Fidelity MSCI Financials Index ETF has a 1-year low of $67.76 and a 1-year high of $83.35.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BIP Wealth LLC boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 5.1% in the 1st quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock valued at $231,000 after acquiring an additional 161 shares during the last quarter. World Investment Advisors boosted its holdings in Fidelity MSCI Financials Index ETF by 2.5% in the fourth quarter. World Investment Advisors now owns 9,566 shares of the company’s stock valued at $744,000 after purchasing an additional 232 shares during the last quarter. Sovran Advisors LLC grew its position in Fidelity MSCI Financials Index ETF by 10.5% during the 1st quarter. Sovran Advisors LLC now owns 2,882 shares of the company’s stock worth $214,000 after purchasing an additional 275 shares during the period. Centaurus Financial Inc. raised its stake in shares of Fidelity MSCI Financials Index ETF by 4.1% during the 1st quarter. Centaurus Financial Inc. now owns 8,787 shares of the company’s stock valued at $617,000 after buying an additional 343 shares during the last quarter. Finally, Redwood Financial Network Corp lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 12.7% in the 4th quarter. Redwood Financial Network Corp now owns 3,448 shares of the company’s stock valued at $268,000 after buying an additional 389 shares during the period.

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.