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

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 6,899 shares, a decline of 40.6% from the May 14th total of 11,618 shares. Based on an average daily volume of 104,744 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Fidelity MSCI Financials Index ETF Price Performance

NYSEARCA:FNCL opened at $77.41 on Wednesday. Fidelity MSCI Financials Index ETF has a fifty-two week low of $67.76 and a fifty-two week high of $80.31. The stock has a market capitalization of $2.31 billion, a PE ratio of 17.73 and a beta of 0.90. The business’s 50-day simple moving average is $73.82 and its 200-day simple moving average is $74.59.

Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF

Institutional investors have recently modified their holdings of the business. Lido Advisors LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 7.8% during the 3rd quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock valued at $206,428,000 after purchasing an additional 196,045 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 7.8% during the 4th quarter. AE Wealth Management LLC now owns 110,510 shares of the company’s stock valued at $8,591,000 after purchasing an additional 8,002 shares in the last quarter. Maxele Advisors LLC bought a new position in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter valued at about $2,227,000. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 55.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 38,378 shares of the company’s stock valued at $2,984,000 after purchasing an additional 13,738 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 4.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 219,088 shares of the company’s stock valued at $17,032,000 after purchasing an additional 10,040 shares in the last quarter.

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.