Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Update

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 11,618 shares, a growth of 242.0% from the April 30th total of 3,397 shares. Based on an average trading volume of 106,668 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in 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 purchasing an additional 12,791 shares during the last quarter. NewEdge Advisors LLC lifted its position in Fidelity MSCI Financials Index ETF by 113.4% during the first 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 last quarter. Jones Financial Companies Lllp lifted its position in Fidelity MSCI Financials Index ETF by 19.1% during the first quarter. Jones Financial Companies Lllp now owns 7,020 shares of the company’s stock valued at $479,000 after purchasing an additional 1,128 shares during the last quarter. Jane Street Group LLC bought a new stake in Fidelity MSCI Financials Index ETF during the first quarter valued at approximately $2,344,000. Finally, Focus Partners Wealth bought a new stake in Fidelity MSCI Financials Index ETF during the first quarter valued at approximately $200,000.

Fidelity MSCI Financials Index ETF Trading Up 0.5%

Shares of FNCL stock traded up $0.38 during trading hours on Friday, reaching $73.51. The stock had a trading volume of 93,900 shares, compared to its average volume of 141,452. The stock’s fifty day simple moving average is $72.64 and its 200 day simple moving average is $74.54. Fidelity MSCI Financials Index ETF has a 12 month low of $67.76 and a 12 month high of $80.31. The firm has a market capitalization of $2.19 billion, a PE ratio of 17.73 and a beta of 0.92.

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.