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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a large growth in short interest during 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 trading volume of 123,558 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 123,558 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Creative Planning lifted its stake in shares of Fidelity MSCI Financials Index ETF by 6.2% during the 2nd quarter. Creative Planning now owns 13,595 shares of the company’s stock worth $1,007,000 after acquiring an additional 790 shares during the last quarter. Brighton Jones LLC bought a new position in Fidelity MSCI Financials Index ETF in the 3rd quarter valued at $1,377,000. Vicus Capital grew its position in Fidelity MSCI Financials Index ETF by 3.6% in the 3rd quarter. Vicus Capital now owns 310,394 shares of the company’s stock valued at $23,695,000 after acquiring an additional 10,742 shares during the last quarter. AE Wealth Management LLC increased its stake in Fidelity MSCI Financials Index ETF by 10.5% in the third quarter. AE Wealth Management LLC now owns 102,508 shares of the company’s stock worth $7,825,000 after purchasing an additional 9,778 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Fidelity MSCI Financials Index ETF by 3,394.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 56,819 shares of the company’s stock worth $4,207,000 after purchasing an additional 55,193 shares during the period.

Fidelity MSCI Financials Index ETF Trading Down 0.0%

Shares of FNCL stock traded down $0.02 during trading hours on Friday, reaching $69.39. 176,872 shares of the stock were exchanged, compared to its average volume of 144,332. Fidelity MSCI Financials Index ETF has a 12-month low of $58.68 and a 12-month high of $80.31. The company’s 50-day moving average price is $75.33 and its 200-day moving average price is $75.70. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02.

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.