Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Stock Short Interest Report for September

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 74,389 shares, a decline of 47.3% from the September 15th total of 141,207 shares. Based on an average trading volume of 293,749 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Crumly & Associates Inc. lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 20.2% during the 3rd quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock valued at $12,192,000 after acquiring an additional 28,464 shares during the last quarter. Vertex Investment Solutions Co. Ltd. acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth $6,268,000. American National Bank & Trust acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth $1,714,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 17.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 104,850 shares of the company’s stock worth $7,683,000 after acquiring an additional 15,255 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth $3,141,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM traded down $0.85 on Wednesday, reaching $72.47. The company’s stock had a trading volume of 25,888 shares, compared to its average volume of 182,781. Fidelity MSCI Communication Services Index ETF has a twelve month low of $65.26 and a twelve month high of $75.94. The stock has a market cap of $1.84 billion, a PE ratio of 19.08 and a beta of 1.04. The firm’s 50 day moving average is $71.65 and its two-hundred day moving average is $71.64.

About Fidelity MSCI Communication Services Index ETF

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.