Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Drops By 90.1%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,397 shares, a decrease of 90.1% from the April 15th total of 34,241 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 200,779 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNCL. AlphaCore Capital LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 833.3% in the fourth quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the period. Longview Financial Advisors Inc. bought a new position in shares of Fidelity MSCI Financials Index ETF in the first quarter worth $39,000. Colonial Trust Co SC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 56.9% in the fourth quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after purchasing an additional 206 shares during the period. Sound Income Strategies LLC increased its holdings in shares of 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 worth $47,000 after purchasing an additional 470 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Fidelity MSCI Financials Index ETF by 1,427.5% in the third 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.

Fidelity MSCI Financials Index ETF Trading Down 0.4%

Shares of Fidelity MSCI Financials Index ETF stock traded down $0.26 during trading on Monday, hitting $73.02. The stock had a trading volume of 96,776 shares, compared to its average volume of 146,929. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 17.73 and a beta of 0.92. Fidelity MSCI Financials Index ETF has a 12 month low of $67.76 and a 12 month high of $80.31. The business’s 50-day moving average is $72.08 and its 200 day moving average is $74.65.

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.