Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sees Significant Increase in Short Interest
by Kim Johansen · The Markets DailyFidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 44,085 shares, an increase of 126.3% from the December 15th total of 19,485 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 40,286 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 40,286 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are short sold.
Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC grew its position in Fidelity MSCI Materials Index ETF by 15.4% in the third quarter. AE Wealth Management LLC now owns 1,055,982 shares of the company’s stock worth $55,365,000 after buying an additional 140,652 shares during the last quarter. Lido Advisors LLC lifted its position in shares of Fidelity MSCI Materials Index ETF by 8.7% during the 3rd quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock valued at $32,677,000 after acquiring an additional 49,681 shares during the last quarter. Centerline Wealth Advisors LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 4.1% during the 2nd quarter. Centerline Wealth Advisors LLC now owns 174,962 shares of the company’s stock worth $8,725,000 after acquiring an additional 6,924 shares in the last quarter. AGF Management Ltd. grew its holdings in shares of Fidelity MSCI Materials Index ETF by 91.5% in the 2nd quarter. AGF Management Ltd. now owns 159,257 shares of the company’s stock worth $7,942,000 after acquiring an additional 76,078 shares during the last quarter. Finally, Certified Advisory Corp raised its position in shares of Fidelity MSCI Materials Index ETF by 1.8% during the fourth quarter. Certified Advisory Corp now owns 75,234 shares of the company’s stock worth $3,996,000 after purchasing an additional 1,312 shares during the period.
Fidelity MSCI Materials Index ETF Stock Performance
Shares of FMAT stock traded down $0.33 during mid-day trading on Friday, hitting $57.50. 29,238 shares of the stock traded hands, compared to its average volume of 52,470. The firm has a market cap of $494.48 million, a price-to-earnings ratio of 23.26 and a beta of 1.07. The company’s 50-day simple moving average is $52.71 and its 200-day simple moving average is $52.14. Fidelity MSCI Materials Index ETF has a twelve month low of $41.39 and a twelve month high of $57.97.
Fidelity MSCI Materials Index ETF Company Profile
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.