Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Large Growth in Short Interest

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 151,576 shares, an increase of 460.3% from the December 31st total of 27,054 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 191,514 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 191,514 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FNCL. Briaud Financial Planning Inc acquired a new stake in shares of Fidelity MSCI Financials Index ETF in the second quarter worth $25,000. Caldwell Trust Co acquired a new position in Fidelity MSCI Financials Index ETF during the second quarter valued at $44,000. Sound Income Strategies LLC boosted its holdings in Fidelity MSCI Financials Index ETF by 340.6% in the fourth quarter. Sound Income Strategies LLC now owns 608 shares of the company’s stock valued at $47,000 after purchasing an additional 470 shares during the last quarter. Larson Financial Group LLC grew 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 purchasing an additional 571 shares during the period. Finally, SYM FINANCIAL Corp purchased a new position in shares of Fidelity MSCI Financials Index ETF during the 2nd quarter valued at about $52,000.

Fidelity MSCI Financials Index ETF Price Performance

FNCL opened at $75.78 on Wednesday. The firm has a market capitalization of $2.39 billion, a PE ratio of 17.73 and a beta of 1.02. The business’s 50-day moving average is $77.03 and its two-hundred day moving average is $75.83. Fidelity MSCI Financials Index ETF has a 1 year low of $58.68 and a 1 year high of $80.31.

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.