Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Up 126.3% in December

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 44,085 shares, a growth of 126.3% from the December 15th total of 19,485 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 40,286 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 40,286 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s shares are short sold.

Fidelity MSCI Materials Index ETF Trading Up 0.5%

NYSEARCA FMAT traded up $0.27 during trading hours on Thursday, hitting $57.83. 70,381 shares of the company’s stock were exchanged, compared to its average volume of 55,428. The stock has a 50-day simple moving average of $52.71 and a 200 day simple moving average of $52.14. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $57.97. The firm has a market cap of $497.34 million, a price-to-earnings ratio of 23.26 and a beta of 1.07.

Institutional Trading of Fidelity MSCI Materials Index ETF

Several large investors have recently modified their holdings of FMAT. AGF Management Ltd. raised its stake in Fidelity MSCI Materials Index ETF by 91.5% during the 2nd quarter. AGF Management Ltd. now owns 159,257 shares of the company’s stock worth $7,942,000 after buying an additional 76,078 shares during the period. AE Wealth Management LLC grew its stake in Fidelity MSCI Materials Index ETF by 0.6% in the second quarter. AE Wealth Management LLC now owns 915,330 shares of the company’s stock valued at $45,648,000 after acquiring an additional 5,781 shares during the period. Beaumont Financial Advisors LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at approximately $1,454,000. Ameritas Advisory Services LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the second quarter worth approximately $36,000. Finally, Penobscot Wealth Management lifted its holdings in shares of Fidelity MSCI Materials Index ETF by 13.5% in the 2nd quarter. Penobscot Wealth Management now owns 19,712 shares of the company’s stock worth $983,000 after purchasing an additional 2,345 shares in the last quarter.

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.