Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Update

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 220,017 shares, an increase of 64.2% from the July 15th total of 133,960 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 330,332 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTEC. Compass Financial Management LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter worth about $213,000. Fulcrum Equity Management purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $328,000. Bay Rivers Group purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at approximately $214,000. Allied Private Wealth LLC acquired a new position in Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $2,042,000. Finally, IFC & Insurance Marketing Inc. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter worth approximately $249,000.

Fidelity MSCI Information Technology Index ETF Stock Down 0.0%

FTEC traded down $0.14 on Monday, hitting $292.36. 205,914 shares of the company traded hands, compared to its average volume of 396,646. Fidelity MSCI Information Technology Index ETF has a 12-month low of $198.17 and a 12-month high of $300.79. The company has a 50 day moving average of $278.39 and a 200-day moving average of $251.06. The stock has a market capitalization of $21.49 billion, a PE ratio of 35.45 and a beta of 1.34.

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.