Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Drops By 36.2%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 10,387 shares, a drop of 36.2% from the November 30th total of 16,280 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 84,472 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 84,472 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lido Advisors LLC grew its position in shares of Fidelity MSCI Financials Index ETF by 7.8% in the 3rd quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock worth $206,428,000 after acquiring an additional 196,045 shares in the last quarter. AGF Management Ltd. lifted its stake in Fidelity MSCI Financials Index ETF by 47.4% during the third 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 during the last quarter. Sava Penzisko Drushtvo A.D. Skopje acquired a new position in Fidelity MSCI Financials Index ETF in the third quarter worth $26,099,000. Vicus Capital increased its stake in Fidelity MSCI Financials Index ETF by 3.6% during the third quarter. Vicus Capital now owns 310,394 shares of the company’s stock valued at $23,695,000 after purchasing an additional 10,742 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Fidelity MSCI Financials Index ETF by 3,442.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 274,140 shares of the company’s stock valued at $20,928,000 after purchasing an additional 266,401 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of Fidelity MSCI Financials Index ETF stock opened at $79.08 on Friday. Fidelity MSCI Financials Index ETF has a 1 year low of $58.68 and a 1 year high of $79.43. The firm’s 50-day simple moving average is $75.56 and its 200-day simple moving average is $75.06. The firm has a market cap of $2.51 billion, a PE ratio of 17.73 and a beta of 1.02.

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.