Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Drops By 36.2%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 10,387 shares, a decrease of 36.2% from the November 30th total of 16,280 shares. Based on an average daily trading volume, of 84,472 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 84,472 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 71.8% during the first quarter. Royal Bank of Canada now owns 30,610 shares of the company’s stock valued at $2,128,000 after acquiring an additional 12,791 shares during the period. Paragon Private Wealth Management LLC bought a new stake in Fidelity MSCI Financials Index ETF in the 1st quarter valued at about $429,000. NewEdge Advisors LLC boosted its stake in Fidelity MSCI Financials Index ETF by 113.4% during the 1st quarter. NewEdge Advisors LLC now owns 15,905 shares of the company’s stock valued at $1,106,000 after purchasing an additional 8,451 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in Fidelity MSCI Financials Index ETF during the 1st quarter valued at about $31,000. Finally, Jones Financial Companies Lllp grew its position in Fidelity MSCI Financials Index ETF by 19.1% in the 1st quarter. Jones Financial Companies Lllp now owns 7,020 shares of the company’s stock worth $479,000 after purchasing an additional 1,128 shares during the last quarter.

Fidelity MSCI Financials Index ETF Trading Down 0.2%

NYSEARCA:FNCL opened at $79.08 on Friday. The stock has a 50 day moving average of $75.56 and a 200-day moving average of $75.06. The firm has a market capitalization of $2.51 billion, a PE ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a 52 week low of $58.68 and a 52 week high of $79.43.

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.