Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Up 460.3% in January

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 151,576 shares, a growth of 460.3% from the December 31st total of 27,054 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 191,514 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 191,514 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Fidelity MSCI Financials Index ETF Trading Down 0.7%

Shares of NYSEARCA:FNCL opened at $75.78 on Wednesday. The stock has a fifty day simple moving average of $77.03 and a two-hundred day simple moving average of $75.83. Fidelity MSCI Financials Index ETF has a 12-month low of $58.68 and a 12-month high of $80.31. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Fidelity MSCI Financials Index ETF by 2.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the company’s stock worth $476,000 after purchasing an additional 161 shares in the last quarter. AE Wealth Management LLC grew its holdings in Fidelity MSCI Financials Index ETF by 6.5% during the second quarter. AE Wealth Management LLC now owns 92,730 shares of the company’s stock valued at $6,866,000 after purchasing an additional 5,660 shares during the period. Creative Planning increased its position in Fidelity MSCI Financials Index ETF by 6.2% in the second quarter. Creative Planning now owns 13,595 shares of the company’s stock worth $1,007,000 after buying an additional 790 shares in the last quarter. Brighton Jones LLC purchased a new stake in Fidelity MSCI Financials Index ETF in the third quarter worth about $1,377,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 5.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,662 shares of the company’s stock worth $804,000 after buying an additional 530 shares during the period.

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.