Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Up 39.8% in December

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 182,528 shares, an increase of 39.8% from the December 15th total of 130,533 shares. Based on an average daily trading volume, of 226,502 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 226,502 shares, the short-interest ratio is presently 0.8 days.

Fidelity MSCI Information Technology Index ETF Trading Down 0.0%

Shares of FTEC traded down $0.10 during midday trading on Friday, hitting $226.28. The stock had a trading volume of 190,167 shares, compared to its average volume of 311,797. The business has a 50-day simple moving average of $225.51 and a two-hundred day simple moving average of $217.96. The firm has a market cap of $16.81 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25.

Hedge Funds Weigh In On Fidelity MSCI Information Technology Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTEC. Financial Life Planners purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF in the third quarter valued at $25,000. AlphaCore Capital LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at $26,000. Bessemer Group Inc. purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $26,000. Wealth Watch Advisors INC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $30,000. Finally, Strategic Advocates LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $31,000.

Fidelity MSCI Information Technology Index ETF Company Profile

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.