Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Update

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 144,764 shares, a decline of 85.6% from the May 31st total of 1,002,279 shares. Based on an average daily volume of 502,058 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Financial Life Planners acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter valued at $25,000. Wealth Watch Advisors INC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth $30,000. Strategic Advocates LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth $31,000. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 4th quarter worth $37,000. Finally, SouthState Bank Corp acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the fourth quarter worth $50,000.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $275.85 on Friday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $193.70 and a 12 month high of $300.79. The firm has a market cap of $20.05 billion, a PE ratio of 35.45 and a beta of 1.34. The firm has a 50 day simple moving average of $269.28 and a 200 day simple moving average of $237.99.

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.