Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Up 86.5% in February

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 73,602 shares, a growth of 86.5% from the February 12th total of 39,470 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 123,558 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 123,558 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Fidelity MSCI Financials Index ETF Trading Down 1.6%

FNCL stock opened at $69.41 on Friday. The firm’s 50-day moving average price is $75.50 and its two-hundred day moving average price is $75.74. 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 $2.19 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02.

Institutional Trading of Fidelity MSCI Financials Index ETF

Large investors have recently modified their holdings of the business. AlphaCore Capital LLC raised its position in Fidelity MSCI Financials Index ETF by 833.3% during the 4th quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Fidelity MSCI Financials Index ETF in the 2nd quarter worth approximately $44,000. Colonial Trust Co SC increased its stake in shares of Fidelity MSCI Financials Index ETF by 56.9% during the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock valued at $44,000 after buying an additional 206 shares during the period. Sound Income Strategies LLC increased its stake in shares of Fidelity MSCI Financials Index ETF by 340.6% during the fourth quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after buying an additional 470 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Fidelity MSCI Financials Index ETF by 1,427.5% during the third quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock valued at $47,000 after acquiring an additional 571 shares in the last quarter.

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.