Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,618 shares, an increase of 242.0% from the April 30th total of 3,397 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 106,668 shares, the days-to-cover ratio is presently 0.1 days.
Fidelity MSCI Financials Index ETF Stock Performance
Shares of FNCL traded up $0.58 on Friday, reaching $73.71. The stock 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 firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 17.73 and a beta of 0.92. The company has a 50-day simple moving average of $72.56 and a 200-day simple moving average of $74.55.
Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF
Several hedge funds have recently made changes to their positions in the company. Lido Advisors LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 7.8% during the third 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. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity MSCI Financials Index ETF by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after purchasing an additional 51,401 shares in the last quarter. AGF Management Ltd. boosted its position in shares of Fidelity MSCI Financials Index ETF by 47.4% during the third quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock valued at $65,186,000 after purchasing an additional 274,708 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 5.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock valued at $36,866,000 after purchasing an additional 25,627 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Fidelity MSCI Financials Index ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock valued at $27,043,000 after purchasing an additional 56,045 shares in the last quarter.
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.
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