Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Up 29.8% in January

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 53,607 shares, a growth of 29.8% from the January 15th total of 41,293 shares. Based on an average daily volume of 47,726 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 47,726 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maxele Advisors LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 1.5% during the fourth quarter. Maxele Advisors LLC now owns 15,703 shares of the company’s stock worth $834,000 after buying an additional 226 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Fidelity MSCI Materials Index ETF by 6.1% in the fourth quarter. Meridian Wealth Management LLC now owns 4,268 shares of the company’s stock worth $227,000 after acquiring an additional 246 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in Fidelity MSCI Materials Index ETF by 6.1% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,324 shares of the company’s stock worth $283,000 after acquiring an additional 305 shares in the last quarter. Sachetta LLC increased its position in shares of Fidelity MSCI Materials Index ETF by 16.5% in the 3rd quarter. Sachetta LLC now owns 2,156 shares of the company’s stock valued at $113,000 after purchasing an additional 306 shares during the last quarter. Finally, Vicus Capital raised its holdings in shares of Fidelity MSCI Materials Index ETF by 5.3% in the 4th quarter. Vicus Capital now owns 6,189 shares of the company’s stock valued at $329,000 after purchasing an additional 312 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Fidelity MSCI Materials Index ETF stock opened at $61.14 on Wednesday. The firm has a 50 day simple moving average of $56.78 and a 200-day simple moving average of $53.49. The stock has a market cap of $538.03 million, a price-to-earnings ratio of 23.26 and a beta of 1.07. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $62.75.

Fidelity MSCI Materials Index ETF Company Profile

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.