Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Increases By 690.1%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 83,612 shares, an increase of 690.1% from the June 30th total of 10,582 shares. Based on an average daily volume of 119,252 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Fidelity MSCI Financials Index ETF Trading Up 0.9%

Shares of Fidelity MSCI Financials Index ETF stock opened at $80.22 on Friday. The firm has a fifty day simple moving average of $76.62 and a 200-day simple moving average of $74.85. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 17.73 and a beta of 0.90. Fidelity MSCI Financials Index ETF has a 1-year low of $67.76 and a 1-year high of $81.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC increased its position in Fidelity MSCI Financials Index ETF by 7.8% in the 4th quarter. AE Wealth Management LLC now owns 110,510 shares of the company’s stock worth $8,591,000 after buying an additional 8,002 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 55.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 38,378 shares of the company’s stock worth $2,984,000 after buying an additional 13,738 shares during the last quarter. Yoder Wealth Management Inc. raised its stake in Fidelity MSCI Financials Index ETF by 14.5% during the 1st quarter. Yoder Wealth Management Inc. now owns 93,649 shares of the company’s stock valued at $6,574,000 after purchasing an additional 11,835 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity MSCI Financials Index ETF by 4.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,088 shares of the company’s stock valued at $17,032,000 after purchasing an additional 10,040 shares during the last quarter. Finally, Blue Jean Financial LLC bought a new stake in Fidelity MSCI Financials Index ETF in the 4th quarter valued at $793,000.

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.