Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Drops By 60.2%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 56,472 shares, a drop of 60.2% from the January 29th total of 141,830 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 416,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 416,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA:FTEC traded down $4.24 during trading on Friday, reaching $216.55. The stock had a trading volume of 473,323 shares, compared to its average volume of 418,108. The stock has a market capitalization of $15.81 billion, a PE ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a 52 week low of $134.11 and a 52 week high of $240.25. The business’s 50-day moving average price is $223.95 and its 200 day moving average price is $221.82.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Several large investors have recently made changes to their positions in the business. Founders Financial Alliance LLC increased its position in Fidelity MSCI Information Technology Index ETF by 2.0% in the 4th quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock valued at $559,000 after acquiring an additional 49 shares in the last quarter. Smithfield Trust Co lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 2.1% during the fourth quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock worth $544,000 after purchasing an additional 50 shares in the last quarter. Instrumental Wealth LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 1.8% during the third quarter. Instrumental Wealth LLC now owns 2,928 shares of the company’s stock valued at $691,000 after purchasing an additional 52 shares during the last quarter. OMNI 360 Wealth Inc. grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 2.8% during the third quarter. OMNI 360 Wealth Inc. now owns 1,952 shares of the company’s stock valued at $434,000 after purchasing an additional 53 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.9% in the third quarter. Global Retirement Partners LLC now owns 1,892 shares of the company’s stock valued at $420,000 after purchasing an additional 54 shares in the last quarter.

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.