Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Large Growth in Short Interest

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 11,618 shares, a growth of 242.0% from the April 30th total of 3,397 shares. Based on an average trading volume of 106,668 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Fidelity MSCI Financials Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. lifted its holdings in 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 worth $617,000 after purchasing an additional 343 shares during the last quarter. Royal Bank of Canada lifted its holdings in Fidelity MSCI Financials Index ETF by 370.6% during the 1st quarter. Royal Bank of Canada now owns 79,882 shares of the company’s stock worth $5,608,000 after purchasing an additional 62,906 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Fidelity MSCI Financials Index ETF by 5.7% during the 1st quarter. Quantinno Capital Management LP now owns 20,170 shares of the company’s stock worth $1,416,000 after purchasing an additional 1,090 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity MSCI Financials Index ETF by 13.2% during the 1st quarter. Cetera Investment Advisers now owns 34,664 shares of the company’s stock worth $2,433,000 after purchasing an additional 4,043 shares during the last quarter. Finally, Pacific Sun Financial Corp lifted its holdings in Fidelity MSCI Financials Index ETF by 28.0% during the 1st quarter. Pacific Sun Financial Corp now owns 11,402 shares of the company’s stock worth $800,000 after purchasing an additional 2,491 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.5%

Shares of NYSEARCA FNCL traded up $0.38 during midday trading on Friday, hitting $73.51. 93,900 shares of the company’s stock were exchanged, compared to its average volume of 141,452. Fidelity MSCI Financials Index ETF has a 12 month low of $67.76 and a 12 month high of $80.31. The company’s 50 day moving average price is $72.64 and its 200 day moving average price is $74.54. The firm has a market capitalization of $2.19 billion, a PE ratio of 17.73 and a beta of 0.92.

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.