Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Up 35.4% in December
by Tristan Rich · The Markets DailyFidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 130,533 shares, an increase of 35.4% from the November 30th total of 96,420 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 236,853 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 236,853 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF
Several institutional investors have recently made changes to their positions in FTEC. CWM LLC increased its stake in Fidelity MSCI Information Technology Index ETF by 36.8% in the 2nd quarter. CWM LLC now owns 6,392 shares of the company’s stock valued at $1,261,000 after purchasing an additional 1,719 shares in the last quarter. Armor Investment Advisors LLC grew its holdings in Fidelity MSCI Information Technology Index ETF by 1.0% in the second quarter. Armor Investment Advisors LLC now owns 82,569 shares of the company’s stock valued at $16,284,000 after purchasing an additional 845 shares during the last quarter. Allworth Financial LP grew its holdings in Fidelity MSCI Information Technology Index ETF by 11.0% in the second quarter. Allworth Financial LP now owns 18,989 shares of the company’s stock valued at $3,745,000 after purchasing an additional 1,883 shares during the last quarter. Integrity Alliance LLC. purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the first quarter valued at $283,000. Finally, Archer Investment Corp raised its stake in shares of Fidelity MSCI Information Technology Index ETF by 510.2% during the 2nd quarter. Archer Investment Corp now owns 2,343 shares of the company’s stock worth $462,000 after buying an additional 1,959 shares during the last quarter.
Fidelity MSCI Information Technology Index ETF Trading Down 1.0%
Shares of FTEC traded down $2.19 during mid-day trading on Thursday, hitting $224.67. The company’s stock had a trading volume of 213,362 shares, compared to its average volume of 336,432. Fidelity MSCI Information Technology Index ETF has a 1-year low of $134.11 and a 1-year high of $240.25. The firm has a market capitalization of $16.51 billion, a P/E ratio of 35.45 and a beta of 1.24. The firm has a 50-day simple moving average of $227.02 and a 200 day simple moving average of $215.15.
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.