Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Increases By 368.8%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 34,241 shares, an increase of 368.8% from the March 31st total of 7,304 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 101,928 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Fidelity MSCI Financials Index ETF

Several hedge funds have recently modified their holdings of the stock. Lido Advisors LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 7.8% in the third quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock valued at $206,428,000 after acquiring an additional 196,045 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity MSCI Financials Index ETF by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after acquiring an additional 51,401 shares in the last quarter. AGF Management Ltd. raised its stake in shares of Fidelity MSCI Financials Index ETF by 47.4% in the third quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock valued at $65,186,000 after acquiring an additional 274,708 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 5.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock valued at $36,866,000 after acquiring an additional 25,627 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Fidelity MSCI Financials Index ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock valued at $27,043,000 after acquiring an additional 56,045 shares in the last quarter.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of NYSEARCA FNCL opened at $73.58 on Monday. The stock has a market cap of $2.28 billion, a P/E ratio of 17.73 and a beta of 0.95. Fidelity MSCI Financials Index ETF has a 12-month low of $66.20 and a 12-month high of $80.31. The business’s fifty day simple moving average is $72.12 and its 200-day simple moving average is $74.69.

Fidelity MSCI Financials Index ETF Company Profile

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.