Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Decreases By 14.7%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 141,830 shares, a decline of 14.7% from the January 15th total of 166,215 shares. Based on an average trading volume of 586,614 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 586,614 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA:FTEC traded up $1.10 during trading on Tuesday, reaching $219.05. 206,091 shares of the stock traded hands, compared to its average volume of 434,185. The stock has a market cap of $15.99 billion, a P/E ratio of 35.45 and a beta of 1.24. The stock has a 50-day moving average of $224.84 and a two-hundred day moving average of $221.21. Fidelity MSCI Information Technology Index ETF has a 52-week low of $134.11 and a 52-week high of $240.25.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several institutional investors have recently modified their holdings of the business. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at about $25,000. AlphaCore Capital LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $26,000. Bessemer Group Inc. bought a new position in Fidelity MSCI Information Technology Index ETF during the third quarter valued at approximately $26,000. Wealth Watch Advisors INC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $30,000. Finally, Strategic Advocates LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the third quarter worth approximately $31,000.

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.