Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 83,612 shares, a growth of 690.1% from the June 30th total of 10,582 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 119,252 shares, the short-interest ratio is currently 0.7 days.
Fidelity MSCI Financials Index ETF Stock Performance
NYSEARCA FNCL opened at $80.22 on Friday. Fidelity MSCI Financials Index ETF has a twelve month low of $67.76 and a twelve month high of $81.19. The stock has a market cap of $2.35 billion, a PE ratio of 17.73 and a beta of 0.90. The firm has a 50-day simple moving average of $76.62 and a 200 day simple moving average of $74.85.
Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF
Several large investors have recently added to or reduced their stakes in FNCL. BIP Wealth LLC lifted its position in shares of Fidelity MSCI Financials Index ETF by 5.1% in the 1st quarter. BIP Wealth LLC now owns 3,295 shares of the company’s stock worth $231,000 after acquiring an additional 161 shares during the period. Colonial Trust Co SC increased its position in shares of Fidelity MSCI Financials Index ETF by 56.9% during the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock valued at $44,000 after purchasing an additional 206 shares during the period. Smith Salley Wealth Management increased its position in shares of Fidelity MSCI Financials Index ETF by 0.4% during the fourth quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock valued at $4,378,000 after purchasing an additional 209 shares during the period. IFP Advisors Inc increased its position in shares of Fidelity MSCI Financials Index ETF by 5.1% during the fourth quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock valued at $338,000 after purchasing an additional 213 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in shares of Fidelity MSCI Financials Index ETF by 14.1% in the second quarter. Qube Research & Technologies Ltd now owns 1,801 shares of the company’s stock valued at $133,000 after purchasing an additional 223 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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