Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 65,495 shares, a drop of 41.9% from the September 30th total of 112,722 shares. Based on an average daily trading volume, of 102,912 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are short sold.
Institutional Trading of Fidelity MSCI Financials Index ETF
Institutional investors have recently made changes to their positions in the business. Pathway Financial Advisers LLC bought a new position in shares of Fidelity MSCI Financials Index ETF in the third quarter valued at $82,000. Fischer Financial Services Inc. increased its holdings in Fidelity MSCI Financials Index ETF by 0.3% during the third quarter. Fischer Financial Services Inc. now owns 143,632 shares of the company’s stock worth $10,876,000 after buying an additional 459 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in Fidelity MSCI Financials Index ETF during the third quarter worth $1,080,000. Latitude Advisors LLC bought a new stake in Fidelity MSCI Financials Index ETF during the third quarter worth $52,000. Finally, Sigma Planning Corp bought a new stake in Fidelity MSCI Financials Index ETF during the third quarter worth $410,000.
Fidelity MSCI Financials Index ETF Stock Performance
NYSEARCA FNCL traded down $0.55 during trading on Friday, hitting $79.94. The stock had a trading volume of 188,569 shares, compared to its average volume of 130,530. Fidelity MSCI Financials Index ETF has a 12 month low of $67.76 and a 12 month high of $83.35. The company’s 50-day moving average price is $79.36 and its two-hundred day moving average price is $76.51. The company has a market capitalization of $2.32 billion, a PE ratio of 17.73 and a beta of 0.91.
About Fidelity MSCI Financials Index ETF
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.
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