Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Update

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 14,172 shares, a decline of 46.4% from the August 31st total of 26,438 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 45,902 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT traded down $0.18 during mid-day trading on Thursday, reaching $55.56. The stock had a trading volume of 114,528 shares, compared to its average volume of 56,835. Fidelity MSCI Materials Index ETF has a 52-week low of $48.76 and a 52-week high of $62.84. The business’s fifty day moving average is $59.03 and its 200 day moving average is $58.79. The firm has a market cap of $566.71 million, a price-to-earnings ratio of 23.26 and a beta of 0.97.

Institutional Trading of Fidelity MSCI Materials Index ETF

Several hedge funds have recently made changes to their positions in FMAT. Lido Advisors LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 4.9% during the 1st quarter. Lido Advisors LLC now owns 654,663 shares of the company’s stock worth $37,735,000 after buying an additional 30,472 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity MSCI Materials Index ETF by 614.1% in the first quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock valued at $5,821,000 after acquiring an additional 86,844 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Fidelity MSCI Materials Index ETF by 83.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock worth $5,124,000 after acquiring an additional 43,872 shares during the period. Commonwealth Equity Services LLC grew its position in Fidelity MSCI Materials Index ETF by 9.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 82,732 shares of the company’s stock worth $4,394,000 after acquiring an additional 7,466 shares during the period. Finally, Certified Advisory Corp grew its position in Fidelity MSCI Materials Index ETF by 8.0% in the first quarter. Certified Advisory Corp now owns 81,285 shares of the company’s stock worth $4,685,000 after acquiring an additional 6,051 shares during the period.

About Fidelity MSCI Materials Index ETF

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.