Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,002,279 shares, a growth of 786.2% from the May 14th total of 113,098 shares. Based on an average trading volume of 304,399 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.4% of the company’s stock are sold short.
Fidelity MSCI Information Technology Index ETF Trading Up 3.3%
NYSEARCA FTEC opened at $277.23 on Friday. Fidelity MSCI Information Technology Index ETF has a 1-year low of $184.88 and a 1-year high of $300.79. The company has a market capitalization of $20.15 billion, a PE ratio of 35.45 and a beta of 1.34. The firm’s fifty day simple moving average is $256.59 and its 200-day simple moving average is $233.96.
Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF
A number of hedge funds have recently modified their holdings of the stock. Financial Life Planners acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $25,000. Bessemer Group Inc. acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $26,000. Wealth Watch Advisors INC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $30,000. Strategic Advocates LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the third quarter worth $31,000. Finally, Elyxium Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $37,000.
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.
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