Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Large Growth in Short Interest

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 27,054 shares, an increase of 160.5% from the December 15th total of 10,387 shares. Based on an average daily volume of 98,790 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 98,790 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Briaud Financial Planning Inc bought a new stake in shares of Fidelity MSCI Financials Index ETF during the second quarter worth about $25,000. Caldwell Trust Co acquired a new position in Fidelity MSCI Financials Index ETF during the 2nd quarter valued at about $44,000. Larson Financial Group LLC boosted its stake 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 valued at $47,000 after purchasing an additional 571 shares during the last quarter. SYM FINANCIAL Corp bought a new stake in Fidelity MSCI Financials Index ETF during the 2nd quarter worth approximately $52,000. Finally, Howe & Rusling Inc. purchased a new stake in shares of Fidelity MSCI Financials Index ETF in the second quarter worth approximately $59,000.

Fidelity MSCI Financials Index ETF Stock Performance

Shares of FNCL stock opened at $77.27 on Wednesday. Fidelity MSCI Financials Index ETF has a fifty-two week low of $58.68 and a fifty-two week high of $80.31. The stock has a 50 day simple moving average of $76.57 and a two-hundred day simple moving average of $75.68. The company has a market cap of $2.42 billion, a P/E ratio of 17.73 and a beta of 1.02.

About Fidelity MSCI Financials Index ETF

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.