Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Stock Short Interest Rises 97.9%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 131,632 shares, an increase of 97.9% from the August 31st total of 66,518 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 143,214 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Fidelity MSCI Financials Index ETF

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Fidelity MSCI Financials Index ETF by 370.6% in the 1st quarter. Royal Bank of Canada now owns 79,882 shares of the company’s stock worth $5,608,000 after purchasing an additional 62,906 shares in the last quarter. Kestra Advisory Services LLC grew its position in Fidelity MSCI Financials Index ETF by 17.2% during the 1st quarter. Kestra Advisory Services LLC now owns 242,191 shares of the company’s stock worth $17,002,000 after purchasing an additional 35,569 shares during the last quarter. Procyon Advisors LLC increased its stake in Fidelity MSCI Financials Index ETF by 19.2% during the 1st quarter. Procyon Advisors LLC now owns 155,754 shares of the company’s stock valued at $10,934,000 after purchasing an additional 25,067 shares in the last quarter. Jacobs Equity LLC acquired a new position in Fidelity MSCI Financials Index ETF during the 4th quarter valued at approximately $1,601,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Financials Index ETF by 154.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,298 shares of the company’s stock worth $2,320,000 after buying an additional 18,414 shares during the last quarter.

Fidelity MSCI Financials Index ETF Price Performance

Shares of NYSEARCA FNCL opened at $75.72 on Thursday. Fidelity MSCI Financials Index ETF has a 1-year low of $67.76 and a 1-year high of $83.35. The business has a fifty day moving average price of $81.02 and a 200 day moving average price of $76.75. The stock has a market capitalization of $2.23 billion, a P/E ratio of 17.73 and a beta of 0.89.

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.