Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,899 shares, a drop of 40.6% from the May 14th total of 11,618 shares. Based on an average trading volume of 104,744 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Fidelity MSCI Financials Index ETF Stock Up 1.5%
Shares of NYSEARCA:FNCL traded up $1.13 during midday trading on Tuesday, reaching $77.41. 91,397 shares of the company were exchanged, compared to its average volume of 136,510. 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 fifty day simple moving average of $73.68 and a two-hundred day simple moving average of $74.58. The firm has a market cap of $2.31 billion, a PE ratio of 17.73 and a beta of 0.90.
Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaCore Capital LLC lifted its position in Fidelity MSCI Financials Index ETF by 833.3% during the 4th quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after buying an additional 400 shares in the last quarter. Longview Financial Advisors Inc. bought a new stake in Fidelity MSCI Financials Index ETF during the 1st quarter worth about $39,000. Colonial Trust Co SC lifted its position in Fidelity MSCI Financials Index ETF by 56.9% during the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after buying an additional 206 shares in the last quarter. Sound Income Strategies LLC lifted its position in Fidelity MSCI Financials Index ETF by 340.6% during the 4th quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock worth $47,000 after buying an additional 470 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Fidelity MSCI Financials Index ETF by 1,427.5% during the 3rd quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock worth $47,000 after buying an additional 571 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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