Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Update

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 123,674 shares, a decline of 53.4% from the April 15th total of 265,333 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 368,714 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF

Several institutional investors have recently modified their holdings of FTEC. Brighton Jones LLC grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at approximately $2,532,000. Jane Street Group LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at approximately $3,833,000. Marshall Wace LLP bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at approximately $5,649,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter valued at approximately $242,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC traded down $4.39 during midday trading on Friday, reaching $270.56. 275,915 shares of the company were exchanged, compared to its average volume of 437,838. The company’s fifty day moving average price is $230.93 and its 200 day moving average price is $226.95. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. Fidelity MSCI Information Technology Index ETF has a one year low of $175.39 and a one year high of $275.77.

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.