Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Stock Short Interest Report for October

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 65,495 shares, a decline of 41.9% from the September 30th total of 112,722 shares. Based on an average daily trading volume, of 102,912 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Fidelity MSCI Financials Index ETF Stock Down 0.3%

Shares of NYSEARCA:FNCL traded down $0.27 during midday trading on Tuesday, reaching $81.07. The company’s stock had a trading volume of 54,756 shares, compared to its average volume of 130,354. The firm has a 50 day moving average of $79.35 and a 200-day moving average of $76.53. The firm has a market capitalization of $2.35 billion, a P/E ratio of 17.73 and a beta of 0.91. Fidelity MSCI Financials Index ETF has a 12-month low of $67.76 and a 12-month high of $83.35.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. BIP Wealth LLC grew its holdings in Fidelity MSCI Financials Index ETF by 5.1% during the 1st quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock valued at $231,000 after buying an additional 161 shares in the last quarter. Sovran Advisors LLC raised its position in shares of Fidelity MSCI Financials Index ETF by 10.5% during the first quarter. Sovran Advisors LLC now owns 2,882 shares of the company’s stock valued at $214,000 after buying an additional 275 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 4.1% in the first quarter. Centaurus Financial Inc. now owns 8,787 shares of the company’s stock worth $617,000 after buying an additional 343 shares in the last quarter. Roxbury Financial LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 4.5% in the third quarter. Roxbury Financial LLC now owns 8,624 shares of the company’s stock worth $653,000 after buying an additional 370 shares in the last quarter. Finally, Fischer Financial Services Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 0.3% in the third quarter. Fischer Financial Services Inc. now owns 143,632 shares of the company’s stock worth $10,876,000 after buying an additional 459 shares in the last quarter.

Fidelity MSCI Financials Index ETF Company Profile

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.