Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Short Interest Down 77.2% in February

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 6,036 shares, a drop of 77.2% from the January 29th total of 26,471 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 157,189 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 157,189 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Simplex Trading LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 80.9% in the 4th quarter. Simplex Trading LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 161 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the second quarter valued at about $26,000. Private Trust Co. NA increased its stake in Fidelity MSCI Communication Services Index ETF by 1,737.5% during the third quarter. Private Trust Co. NA now owns 441 shares of the company’s stock valued at $31,000 after acquiring an additional 417 shares during the period. Russell Investments Group Ltd. raised its holdings in Fidelity MSCI Communication Services Index ETF by 170.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after acquiring an additional 323 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at approximately $41,000.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock traded up $0.56 on Friday, hitting $72.73. The company’s stock had a trading volume of 129,701 shares, compared to its average volume of 177,482. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $48.96 and a fifty-two week high of $75.94. The firm’s fifty day moving average price is $72.95 and its 200-day moving average price is $71.21. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

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.