Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Down 29.0% in September

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 115,800 shares, a drop of 29.0% from the August 31st total of 163,100 shares. Based on an average daily volume of 274,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 274,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several institutional investors have recently bought and sold shares of FTEC. Brighton Jones LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 8.8% in the 4th quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,458 shares in the last quarter. NBC Securities Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at approximately $46,000. Merit Financial Group LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 8.9% in the 1st quarter. Merit Financial Group LLC now owns 1,895 shares of the company’s stock valued at $306,000 after acquiring an additional 155 shares in the last quarter. Charter Oak Capital Management LLC lifted its stake in Fidelity MSCI Information Technology Index ETF by 42.6% in the 1st quarter. Charter Oak Capital Management LLC now owns 1,677 shares of the company’s stock valued at $270,000 after acquiring an additional 501 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its position in shares of Fidelity MSCI Information Technology Index ETF by 1.7% during the 1st quarter. Daymark Wealth Partners LLC now owns 4,893 shares of the company’s stock worth $789,000 after purchasing an additional 80 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Up 0.4%

Shares of FTEC stock opened at $227.85 on Tuesday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $134.11 and a 12 month high of $228.24. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 35.45 and a beta of 1.16. The stock has a 50-day moving average price of $211.76 and a 200 day moving average price of $189.91.

Fidelity MSCI Information Technology Index ETF Company Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.