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

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 32,655 shares, a decline of 65.3% from the April 30th total of 94,108 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,179 shares, the short-interest ratio is currently 0.9 days.

Fidelity MSCI Materials Index ETF Trading Down 0.5%

Shares of NYSEARCA:FMAT traded down $0.29 during mid-day trading on Monday, reaching $59.22. The stock had a trading volume of 34,989 shares, compared to its average volume of 57,034. The company has a market cap of $604.04 million, a P/E ratio of 23.26 and a beta of 0.97. Fidelity MSCI Materials Index ETF has a 1 year low of $48.50 and a 1 year high of $62.84. The business’s 50 day moving average price is $58.77 and its 200 day moving average price is $57.05.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

A number of hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Fidelity MSCI Materials Index ETF by 23,517.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock valued at $17,787,000 after purchasing an additional 333,484 shares during the period. AE Wealth Management LLC raised its position in Fidelity MSCI Materials Index ETF by 25.8% during the fourth quarter. AE Wealth Management LLC now owns 1,328,708 shares of the company’s stock valued at $70,568,000 after purchasing an additional 272,726 shares during the period. Cetera Investment Advisers raised its position in Fidelity MSCI Materials Index ETF by 614.1% during the first quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock valued at $5,821,000 after purchasing an additional 86,844 shares during the period. Bank of New York Mellon Corp purchased a new stake in Fidelity MSCI Materials Index ETF during the first quarter valued at approximately $2,866,000. Finally, Lido Advisors LLC raised its position in Fidelity MSCI Materials Index ETF by 8.7% during the third quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock valued at $32,677,000 after purchasing an additional 49,681 shares during the period.

Fidelity MSCI Materials Index ETF Company Profile

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.