Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Significant Decline in Short Interest

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 39,470 shares, a decrease of 13.3% from the January 29th total of 45,545 shares. Based on an average trading volume of 108,083 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 108,083 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Fidelity MSCI Financials Index ETF

Large investors have recently made changes to their positions in the business. AlphaCore Capital LLC raised its holdings in shares of Fidelity MSCI Financials Index ETF by 833.3% in the fourth quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock valued at $35,000 after buying an additional 400 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Fidelity MSCI Financials Index ETF by 56.9% during the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares in the last quarter. Caldwell Trust Co bought a new stake in shares of Fidelity MSCI Financials Index ETF during the second quarter valued at approximately $44,000. Sound Income Strategies LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 340.6% in the fourth quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after purchasing an additional 470 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Fidelity MSCI Financials Index ETF by 1,427.5% during the 3rd quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock worth $47,000 after buying an additional 571 shares in the last quarter.

Fidelity MSCI Financials Index ETF Trading Up 0.4%

FNCL stock traded up $0.30 during trading on Wednesday, hitting $73.32. 18,326 shares of the stock traded hands, compared to its average volume of 139,485. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a one year low of $58.68 and a one year high of $80.31. The company has a 50 day simple moving average of $76.48 and a 200 day simple moving average of $75.93.

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.