Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Update

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 51,450 shares, a drop of 30.1% from the February 26th total of 73,602 shares. Based on an average daily volume of 170,780 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Fidelity MSCI Financials Index ETF Price Performance

NYSEARCA:FNCL traded down $1.76 during mid-day trading on Friday, hitting $67.93. 229,857 shares of the company’s stock were exchanged, compared to its average volume of 149,127. The business has a fifty day moving average price of $73.53 and a 200 day moving average price of $75.22. The company has a market cap of $2.15 billion, a PE ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a one year low of $58.68 and a one year high of $80.31.

Institutional Trading of Fidelity MSCI Financials Index ETF

A number of large investors have recently made changes to their positions in FNCL. Lido Advisors LLC boosted its position in 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 worth $206,428,000 after purchasing an additional 196,045 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after purchasing an additional 51,401 shares during the last quarter. AGF Management Ltd. grew its position in shares of Fidelity MSCI Financials Index ETF by 47.4% during the third quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock valued at $65,186,000 after purchasing an additional 274,708 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Fidelity MSCI Financials Index ETF by 5.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock valued at $36,866,000 after purchasing an additional 25,627 shares in the last quarter. Finally, LPL Financial LLC increased its holdings 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 worth $27,043,000 after purchasing an additional 56,045 shares during 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.