Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Update

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 151,576 shares, a growth of 460.3% from the December 31st total of 27,054 shares. Based on an average trading volume of 191,514 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 191,514 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several institutional investors have recently added to or reduced their stakes in FNCL. Sava Penzisko Drushtvo A.D. Skopje acquired a new stake in Fidelity MSCI Financials Index ETF during the 3rd quarter worth approximately $26,099,000. AGF Management Ltd. boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 47.4% in the third quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock valued at $65,186,000 after acquiring an additional 274,708 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of 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 worth $20,928,000 after acquiring an additional 266,401 shares during the period. Lido Advisors LLC raised its holdings in Fidelity MSCI Financials Index ETF by 7.8% during the third quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock worth $206,428,000 after purchasing an additional 196,045 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Fidelity MSCI Financials Index ETF by 122.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 209,048 shares of the company’s stock valued at $15,959,000 after purchasing an additional 115,117 shares during the period.

Fidelity MSCI Financials Index ETF Trading Up 1.0%

Fidelity MSCI Financials Index ETF stock traded up $0.78 during midday trading on Thursday, reaching $76.47. 115,653 shares of the stock traded hands, compared to its average volume of 160,092. The firm has a market cap of $2.42 billion, a PE ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a 12-month low of $58.68 and a 12-month high of $80.31. The company has a 50-day simple moving average of $77.17 and a two-hundred day simple moving average of $75.84.

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.