Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Shares Shorted: Short Interest Down 39.6% in September

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 227,197 shares, a decrease of 39.6% from the September 15th total of 376,036 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 299,932 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its holdings in Fidelity MSCI Health Care Index ETF by 13.0% during the second quarter. NewEdge Advisors LLC now owns 100,270 shares of the company’s stock worth $7,746,000 after acquiring an additional 11,553 shares during the period. Claris Financial LLC purchased a new stake in Fidelity MSCI Health Care Index ETF in the 4th quarter worth approximately $565,000. Elevated Capital Advisors LLC boosted its position in Fidelity MSCI Health Care Index ETF by 736.3% during the first quarter. Elevated Capital Advisors LLC now owns 22,188 shares of the company’s stock valued at $1,561,000 after purchasing an additional 19,535 shares during the last quarter. Weatherly Asset Management L. P. raised its position in Fidelity MSCI Health Care Index ETF by 2.9% during the first quarter. Weatherly Asset Management L. P. now owns 306,475 shares of the company’s stock valued at $21,564,000 after acquiring an additional 8,602 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 20.7% during the 1st quarter. Royal Bank of Canada now owns 39,494 shares of the company’s stock valued at $2,779,000 after purchasing an additional 6,764 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Stock Performance

Shares of NYSEARCA:FHLC traded down $0.51 during trading on Friday, reaching $84.55. 202,516 shares of the stock were exchanged, compared to its average volume of 214,108. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 21.23 and a beta of 0.59. The firm’s 50-day moving average price is $82.42 and its 200 day moving average price is $76.91. Fidelity MSCI Health Care Index ETF has a 12-month low of $68.20 and a 12-month high of $85.73.

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.