Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 144,764 shares, a decrease of 85.6% from the May 31st total of 1,002,279 shares. Based on an average trading volume of 502,058 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eley Financial Management Inc boosted its holdings in Fidelity MSCI Information Technology Index ETF by 0.3% in the first quarter. Eley Financial Management Inc now owns 15,409 shares of the company’s stock worth $3,206,000 after acquiring an additional 41 shares in the last quarter. Walkner Condon Financial Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 5.1% during the first quarter. Walkner Condon Financial Advisors LLC now owns 969 shares of the company’s stock worth $202,000 after acquiring an additional 47 shares during the last quarter. Founders Financial Alliance LLC increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.0% during the fourth quarter. Founders Financial Alliance LLC now owns 2,487 shares of the company’s stock valued at $559,000 after acquiring an additional 49 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2.1% during the fourth quarter. Smithfield Trust Co now owns 2,425 shares of the company’s stock valued at $544,000 after acquiring an additional 50 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Fidelity MSCI Information Technology Index ETF by 5.3% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,087 shares of the company’s stock valued at $244,000 after purchasing an additional 55 shares during the last quarter.
Fidelity MSCI Information Technology Index ETF Price Performance
NYSEARCA FTEC traded down $3.37 on Friday, hitting $272.48. The stock had a trading volume of 317,229 shares, compared to its average volume of 427,793. The business’s fifty day moving average price is $270.05 and its 200 day moving average price is $238.23. The stock has a market cap of $19.81 billion, a price-to-earnings ratio of 35.45 and a beta of 1.34. Fidelity MSCI Information Technology Index ETF has a 52-week low of $193.87 and a 52-week high of $300.79.
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.
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