Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Down 90.1% in April

by · The Cerbat Gem

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,397 shares, a decline of 90.1% from the April 15th total of 34,241 shares. Based on an average trading volume of 200,779 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity MSCI Financials Index ETF Stock Performance

Fidelity MSCI Financials Index ETF stock traded up $0.52 during mid-day trading on Tuesday, reaching $73.54. The company’s stock had a trading volume of 123,133 shares, compared to its average volume of 146,579. The company has a market capitalization of $2.19 billion, a P/E 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 firm’s fifty day moving average price is $72.08 and its two-hundred day moving average price is $74.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. AlphaCore Capital LLC grew its position in Fidelity MSCI Financials Index ETF by 833.3% during the fourth quarter. AlphaCore Capital LLC now owns 448 shares of the company’s stock worth $35,000 after buying an additional 400 shares in the last quarter. Longview Financial Advisors Inc. purchased a new position in shares of Fidelity MSCI Financials Index ETF during the first quarter worth about $39,000. Colonial Trust Co SC raised its stake in 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 valued at $44,000 after purchasing an additional 206 shares in the last quarter. Sound Income Strategies LLC lifted its position in Fidelity MSCI Financials Index ETF by 340.6% during 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. Finally, Larson Financial Group LLC grew its stake in Fidelity MSCI Financials Index ETF by 1,427.5% in the 3rd quarter. Larson Financial Group LLC now owns 611 shares of the company’s stock worth $47,000 after buying an additional 571 shares in the last quarter.

Fidelity MSCI Financials Index ETF Company Profile

(Get Free Report)

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.

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