Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Short Interest Update

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 141,207 shares, an increase of 109.4% from the August 31st total of 67,434 shares. Based on an average trading volume of 404,784 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the shares of the company are short sold.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM traded up $0.31 during mid-day trading on Tuesday, reaching $72.23. The stock had a trading volume of 326,470 shares, compared to its average volume of 183,474. The business has a fifty day moving average of $71.03 and a 200 day moving average of $71.46. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 19.08 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 12 month low of $65.26 and a 12 month high of $75.94.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

A number of institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Fidelity MSCI Communication Services Index ETF by 5.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,145,739 shares of the company’s stock worth $214,288,000 after purchasing an additional 155,067 shares during the period. Kestra Advisory Services LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 2.0% during the first quarter. Kestra Advisory Services LLC now owns 166,444 shares of the company’s stock valued at $11,338,000 after buying an additional 3,336 shares during the last quarter. Crumly & Associates Inc. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 3.9% in the second quarter. Crumly & Associates Inc. now owns 140,850 shares of the company’s stock worth $9,786,000 after buying an additional 5,345 shares in the last quarter. Redstone Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 2.7% in the first quarter. Redstone Wealth Management LLC now owns 126,022 shares of the company’s stock worth $8,585,000 after buying an additional 3,300 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 17.0% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 104,850 shares of the company’s stock worth $7,683,000 after buying an additional 15,255 shares in the last quarter.

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.