Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Significant Growth in Short Interest

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 308,419 shares, a growth of 50.8% from the July 30th total of 204,465 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 163,244 shares, the short-interest ratio is currently 1.9 days.

Fidelity MSCI Health Care Index ETF Stock Up 1.0%

Shares of NYSEARCA:FHLC traded up $0.83 during trading on Wednesday, hitting $83.94. 38,110 shares of the company traded hands, compared to its average volume of 197,758. Fidelity MSCI Health Care Index ETF has a one year low of $64.30 and a one year high of $85.46. The business’s fifty day moving average is $80.10 and its 200-day moving average is $74.83. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 21.23 and a beta of 0.59.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of FHLC. Franklin Resources Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at approximately $26,000. Meramec Financial Planners LLC boosted its holdings in shares of Fidelity MSCI Health Care Index ETF by 65.3% during the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after buying an additional 156 shares during the period. Russell Investments Group Ltd. raised its holdings in Fidelity MSCI Health Care Index ETF by 1,105.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock worth $31,000 after acquiring an additional 431 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $34,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the fourth quarter valued at about $37,000.

Fidelity MSCI Health Care Index ETF Company Profile

The Fidelity MSCI Health Care Index ETF (FHLC) is an exchange-traded fund that is based on the MSCI US IMI 25\u002F50 Health Care index, a market-cap-weighted index of stocks in the broad US health care sector. FHLC was launched on Oct 21, 2013 and is managed by Fidelity.