Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Significant Decrease in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 271,589 shares, a decrease of 63.2% from the April 30th total of 737,291 shares. Based on an average daily volume of 1,786,642 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

Fidelity MSCI Energy Index ETF Stock Down 1.0%

FENY traded down $0.33 during trading hours on Friday, hitting $31.28. 1,611,675 shares of the company’s stock were exchanged, compared to its average volume of 4,252,830. Fidelity MSCI Energy Index ETF has a 1-year low of $22.31 and a 1-year high of $35.26. The stock’s 50-day moving average is $32.53 and its two-hundred day moving average is $29.16. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 15.17 and a beta of 0.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new stake in Fidelity MSCI Energy Index ETF during the fourth quarter worth $25,000. Principia Wealth Advisory LLC raised its position in Fidelity MSCI Energy Index ETF by 2,961.0% during the fourth quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock worth $31,000 after acquiring an additional 1,214 shares in the last quarter. Allworth Financial LP raised its position in Fidelity MSCI Energy Index ETF by 40.3% during the third quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after acquiring an additional 501 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in Fidelity MSCI Energy Index ETF during the fourth quarter worth $49,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Fidelity MSCI Energy Index ETF during the third quarter worth $54,000.

About Fidelity MSCI Energy Index ETF

The Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund that is based on the MSCI USA IMI Energy 25\u002F50 index, a market-cap-weighted index of US energy companies FENY was launched on Oct 24, 2013 and is managed by Fidelity.