Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Shorted: Short Interest Down 46.4% in September

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 14,172 shares, a drop of 46.4% from the August 31st total of 26,438 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 45,902 shares, the short-interest ratio is currently 0.3 days.

Fidelity MSCI Materials Index ETF Stock Down 0.8%

Shares of FMAT stock traded down $0.46 on Wednesday, hitting $55.74. The stock had a trading volume of 286,278 shares, compared to its average volume of 56,527. Fidelity MSCI Materials Index ETF has a one year low of $48.76 and a one year high of $62.84. The business has a 50 day moving average price of $59.07 and a 200 day moving average price of $58.80. The company has a market cap of $568.55 million, a PE ratio of 23.26 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 1.8% during the second quarter. NewEdge Advisors LLC now owns 11,810 shares of the company’s stock valued at $691,000 after purchasing an additional 208 shares in the last quarter. Smith Salley Wealth Management lifted its holdings in Fidelity MSCI Materials Index ETF by 1.7% during the first quarter. Smith Salley Wealth Management now owns 13,748 shares of the company’s stock worth $792,000 after buying an additional 228 shares during the period. Sunbelt Securities Inc. lifted its holdings in Fidelity MSCI Materials Index ETF by 1.4% during the fourth quarter. Sunbelt Securities Inc. now owns 30,907 shares of the company’s stock worth $1,641,000 after buying an additional 414 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 9.9% during the first quarter. Centennial Wealth Advisory LLC now owns 5,851 shares of the company’s stock worth $337,000 after buying an additional 527 shares during the period. Finally, Trust Co. of Vermont bought a new stake in Fidelity MSCI Materials Index ETF during the 2nd quarter valued at $67,000.

About Fidelity MSCI Materials Index ETF

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.