Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 144,764 shares, a drop of 85.6% from the May 31st total of 1,002,279 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 502,058 shares, the short-interest ratio is currently 0.3 days.
Fidelity MSCI Information Technology Index ETF Price Performance
NYSEARCA FTEC opened at $275.85 on Friday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $193.70 and a 12 month high of $300.79. The firm has a market capitalization of $20.05 billion, a PE ratio of 35.45 and a beta of 1.34. The company’s 50 day simple moving average is $269.28 and its 200 day simple moving average is $237.99.
Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF
Several hedge funds have recently modified their holdings of FTEC. Financial Life Planners acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at $25,000. Wealth Watch Advisors INC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $30,000. Strategic Advocates LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth about $31,000. Elyxium Wealth LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $37,000. Finally, SouthState Bank Corp bought a new stake in Fidelity MSCI Information Technology Index ETF in the fourth quarter worth about $50,000.
About Fidelity MSCI Information Technology Index ETF
The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.
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