Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Decreases By 85.8%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 7,304 shares, a drop of 85.8% from the March 15th total of 51,450 shares. Based on an average daily trading volume, of 167,674 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Fidelity MSCI Financials Index ETF

Several institutional investors have recently bought and sold shares of the company. World Investment Advisors increased its stake in Fidelity MSCI Financials Index ETF by 2.5% during the 4th quarter. World Investment Advisors now owns 9,566 shares of the company’s stock valued at $744,000 after purchasing an additional 232 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Fidelity MSCI Financials Index ETF by 33.2% in the fourth quarter. Corient Private Wealth LLC now owns 5,169 shares of the company’s stock worth $402,000 after buying an additional 1,289 shares in the last quarter. Instrumental Wealth LLC lifted its stake in shares of Fidelity MSCI Financials Index ETF by 13.9% in the fourth quarter. Instrumental Wealth LLC now owns 3,521 shares of the company’s stock worth $263,000 after buying an additional 429 shares in the last quarter. Jacobs Equity LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the fourth quarter valued at approximately $1,601,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Financials Index ETF during the fourth quarter valued at approximately $2,142,000.

Fidelity MSCI Financials Index ETF Trading Down 1.0%

Fidelity MSCI Financials Index ETF stock traded down $0.76 during mid-day trading on Friday, hitting $72.36. The company had a trading volume of 99,713 shares, compared to its average volume of 144,238. Fidelity MSCI Financials Index ETF has a 12 month low of $62.84 and a 12 month high of $80.31. The company has a market capitalization of $2.24 billion, a PE ratio of 17.73 and a beta of 0.95. The stock’s 50 day moving average price is $72.46 and its two-hundred day moving average price is $74.84.

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.