Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 65,495 shares, a drop of 41.9% from the September 30th total of 112,722 shares. Based on an average trading volume of 102,912 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.
Fidelity MSCI Financials Index ETF Trading Down 0.7%
Shares of Fidelity MSCI Financials Index ETF stock traded down $0.55 during trading on Friday, hitting $79.94. 188,569 shares of the stock were exchanged, compared to its average volume of 130,530. The company has a fifty day moving average price of $79.36 and a 200-day moving average price of $76.51. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.73 and a beta of 0.91. Fidelity MSCI Financials Index ETF has a 1-year low of $67.76 and a 1-year high of $83.35.
Hedge Funds Weigh In On Fidelity MSCI Financials Index ETF
A number of institutional investors have recently bought and sold shares of the business. Latitude Advisors LLC bought a new stake in Fidelity MSCI Financials Index ETF in the third quarter valued at approximately $52,000. Pathway Financial Advisers LLC bought a new position in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth approximately $82,000. West Branch Capital LLC bought a new position in shares of Fidelity MSCI Financials Index ETF during the 3rd quarter worth approximately $93,000. Bessemer Group Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF during the 1st quarter worth approximately $106,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of Fidelity MSCI Financials Index ETF during the 1st quarter worth approximately $110,000.
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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