Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Update

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 12,053 shares, a decrease of 60.5% from the June 30th total of 30,493 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 79,962 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF during the 4th quarter valued at about $35,000. Optima Capital LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the fourth quarter worth about $40,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity MSCI Materials Index ETF by 33.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock worth $70,000 after buying an additional 352 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth about $83,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Fidelity MSCI Materials Index ETF during the second quarter worth about $91,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of Fidelity MSCI Materials Index ETF stock opened at $57.95 on Monday. The stock has a market cap of $585.29 million, a PE ratio of 23.26 and a beta of 0.97. The firm has a fifty day moving average price of $58.61 and a 200 day moving average price of $58.91. Fidelity MSCI Materials Index ETF has a 1 year low of $48.76 and a 1 year high of $62.84.

About Fidelity MSCI Materials Index ETF

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.