Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Shares Shorted: Short Interest Up 68.1% in September

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 233,100 shares, a growth of 68.1% from the September 15th total of 138,677 shares. Based on an average daily volume of 1,451,412 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are sold short.

Fidelity MSCI Energy Index ETF Price Performance

FENY stock opened at $36.52 on Friday. The stock has a market capitalization of $2.21 billion, a PE ratio of 15.17 and a beta of 0.50. The company’s 50-day moving average is $35.09 and its 200-day moving average is $32.97. Fidelity MSCI Energy Index ETF has a 1 year low of $23.52 and a 1 year high of $37.26.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC grew its stake in Fidelity MSCI Energy Index ETF by 257.0% in the third quarter. Signal Advisors Wealth LLC now owns 24,918 shares of the company’s stock valued at $845,000 after acquiring an additional 17,939 shares during the period. Maltin Wealth Management Inc. raised its position in shares of Fidelity MSCI Energy Index ETF by 2.0% during the third quarter. Maltin Wealth Management Inc. now owns 115,800 shares of the company’s stock worth $3,926,000 after purchasing an additional 2,285 shares during the period. Elm3 Financial Group LLC acquired a new position in shares of Fidelity MSCI Energy Index ETF during the third quarter worth approximately $333,000. American National Bank & Trust lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 6.3% in the 3rd quarter. American National Bank & Trust now owns 20,494 shares of the company’s stock worth $695,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 77.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,516,919 shares of the company’s stock worth $44,840,000 after purchasing an additional 660,650 shares in the last quarter.

Fidelity MSCI Energy Index ETF Company Profile

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.