Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Increases By 48.4%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 171,800 shares, an increase of 48.4% from the September 15th total of 115,800 shares. Based on an average daily volume of 266,000 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 266,000 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaCore Capital LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $26,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $32,000. IMA Advisory Services Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the first quarter worth $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $41,000. Finally, Howe & Rusling Inc. purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the second quarter worth $47,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.6%

Shares of NYSEARCA FTEC opened at $230.61 on Friday. The stock has a fifty day simple moving average of $217.03 and a two-hundred day simple moving average of $195.93. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $231.37. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16.

Fidelity MSCI Information Technology Index ETF Company Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.