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 during the month of June. As of June 30th, there was short interest totaling 117,222 shares, an increase of 106.2% from the June 15th total of 56,856 shares. Based on an average daily volume of 215,967 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC grew its stake 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 worth $26,000 after acquiring an additional 161 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at approximately $30,000. Russell Investments Group Ltd. grew its holdings in Fidelity MSCI Communication Services Index ETF by 170.9% during the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock worth $36,000 after acquiring an additional 323 shares during the period. Larson Financial Group LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the third quarter worth about $41,000. Finally, Global Retirement Partners LLC increased its holdings in Fidelity MSCI Communication Services Index ETF by 286.7% in the 4th quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock worth $53,000 after acquiring an additional 539 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM traded up $1.36 during trading hours on Wednesday, hitting $73.45. The company had a trading volume of 157,409 shares, compared to its average volume of 157,202. Fidelity MSCI Communication Services Index ETF has a 52 week low of $63.90 and a 52 week high of $75.94. The stock has a 50-day moving average price of $72.04 and a 200 day moving average price of $72.15. The company has a market capitalization of $1.87 billion, a PE ratio of 19.08 and a beta of 1.05.

Fidelity MSCI Communication Services Index ETF Company Profile

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.