Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Update

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 104,546 shares, an increase of 166.5% from the March 31st total of 39,234 shares. Based on an average daily volume of 53,028 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.1% of the company’s stock are sold short.

Fidelity MSCI Materials Index ETF Trading Up 0.8%

Shares of FMAT opened at $60.41 on Friday. Fidelity MSCI Materials Index ETF has a 52 week low of $46.54 and a 52 week high of $62.84. The firm has a market cap of $579.94 million, a price-to-earnings ratio of 23.26 and a beta of 1.03. The stock has a 50 day moving average of $59.14 and a 200-day moving average of $55.72.

Institutional Trading of Fidelity MSCI Materials Index ETF

A number of hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC lifted its stake in Fidelity MSCI Materials Index ETF by 25.8% during the fourth quarter. AE Wealth Management LLC now owns 1,328,708 shares of the company’s stock valued at $70,568,000 after buying an additional 272,726 shares in the last quarter. Lido Advisors LLC lifted its stake in Fidelity MSCI Materials Index ETF by 8.7% during the third quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock valued at $32,677,000 after buying an additional 49,681 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity MSCI Materials Index ETF by 23,517.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock valued at $17,787,000 after buying an additional 333,484 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Fidelity MSCI Materials Index ETF by 83.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock valued at $5,124,000 after buying an additional 43,872 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Fidelity MSCI Materials Index ETF by 9.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 82,732 shares of the company’s stock valued at $4,394,000 after buying an additional 7,466 shares in the last quarter.

About Fidelity MSCI Materials Index ETF

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.