Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Up 39.8% in December

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 182,528 shares, a growth of 39.8% from the December 15th total of 130,533 shares. Based on an average daily trading volume, of 226,502 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 226,502 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTEC. Lido Advisors LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 3.2% during the 2nd quarter. Lido Advisors LLC now owns 2,092,518 shares of the company’s stock worth $412,687,000 after buying an additional 64,807 shares during the period. Commonwealth Equity Services LLC grew its position in Fidelity MSCI Information Technology Index ETF by 8.8% in the third quarter. Commonwealth Equity Services LLC now owns 718,643 shares of the company’s stock valued at $159,661,000 after acquiring an additional 58,076 shares during the period. AGF Management Ltd. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 11.8% during the third quarter. AGF Management Ltd. now owns 689,924 shares of the company’s stock valued at $153,280,000 after acquiring an additional 72,848 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 678,339 shares of the company’s stock worth $150,707,000 after purchasing an additional 18,799 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock worth $106,504,000 after purchasing an additional 471,653 shares in the last quarter.

Fidelity MSCI Information Technology Index ETF Stock Down 0.0%

NYSEARCA FTEC traded down $0.10 during trading on Friday, hitting $226.28. The company’s stock had a trading volume of 190,167 shares, compared to its average volume of 311,797. 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 cap of $16.81 billion, a P/E ratio of 35.45 and a beta of 1.24. The firm has a 50 day moving average price of $225.51 and a 200 day moving average price of $218.12.

About Fidelity MSCI Information Technology Index ETF

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.