Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Rises By 242.0%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a significant growth in short interest during 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 106,668 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

A number of institutional investors have recently modified their holdings of FNCL. BIP Wealth LLC boosted its stake in Fidelity MSCI Financials Index ETF by 5.1% during the first quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock valued at $231,000 after buying an additional 161 shares during the last quarter. Mcrae Capital Management Inc. boosted its stake in Fidelity MSCI Financials Index ETF by 3.3% during the third quarter. Mcrae Capital Management Inc. now owns 6,312 shares of the company’s stock valued at $482,000 after buying an additional 202 shares during the last quarter. Colonial Trust Co SC boosted its stake in 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 valued at $44,000 after buying an additional 206 shares during the last quarter. Smith Salley Wealth Management boosted its stake in Fidelity MSCI Financials Index ETF by 0.4% during the fourth quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock valued at $4,378,000 after buying an additional 209 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Fidelity MSCI Financials Index ETF by 5.1% during the fourth quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock valued at $338,000 after buying an additional 213 shares during the last quarter.

Fidelity MSCI Financials Index ETF Stock Up 0.8%

Shares of NYSEARCA FNCL traded up $0.58 during trading on Friday, reaching $73.71. The company had a trading volume of 56,769 shares, compared to its average volume of 141,073. Fidelity MSCI Financials Index ETF has a 12-month low of $67.76 and a 12-month high of $80.31. The stock has a market cap of $2.20 billion, a PE ratio of 17.73 and a beta of 0.92. The business’s 50-day moving average is $72.56 and its 200 day moving average is $74.55.

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.