Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Grows By 29.9%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 73,336 shares, a growth of 29.9% from the February 12th total of 56,472 shares. Based on an average daily volume of 338,013 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 338,013 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Information Technology Index ETF Trading Down 0.9%

FTEC stock traded down $1.92 during mid-day trading on Friday, hitting $213.01. The stock had a trading volume of 538,998 shares, compared to its average volume of 438,307. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25. The firm has a market capitalization of $15.55 billion, a P/E ratio of 35.45 and a beta of 1.24. The firm has a fifty day simple moving average of $221.76 and a 200 day simple moving average of $222.68.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Several large investors have recently made changes to their positions in FTEC. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $25,000. Bessemer Group Inc. bought a new stake in Fidelity MSCI Information Technology Index ETF during the third quarter worth $26,000. AlphaCore Capital LLC bought a new stake in Fidelity MSCI Information Technology Index ETF during the second quarter worth $26,000. Wealth Watch Advisors INC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $30,000. Finally, Strategic Advocates LLC acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at $31,000.

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.