Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Large Growth in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 335,776 shares, an increase of 200.6% from the July 15th total of 111,708 shares. Based on an average daily trading volume, of 1,358,157 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

Fidelity MSCI Energy Index ETF Price Performance

Fidelity MSCI Energy Index ETF stock traded up $0.48 during trading hours on Friday, hitting $34.37. The company had a trading volume of 988,739 shares, compared to its average volume of 3,325,126. The firm has a 50-day moving average of $31.52 and a 200 day moving average of $31.55. The firm has a market cap of $2.09 billion, a PE ratio of 15.17 and a beta of 0.43. Fidelity MSCI Energy Index ETF has a one year low of $23.32 and a one year high of $35.26.

Institutional Trading of Fidelity MSCI Energy Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Fidelity MSCI Energy Index ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 62,708 shares of the company’s stock worth $1,602,000 after buying an additional 9,077 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Fidelity MSCI Energy Index ETF by 30.3% in the first quarter. Jones Financial Companies Lllp now owns 12,653 shares of the company’s stock valued at $323,000 after acquiring an additional 2,944 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Fidelity MSCI Energy Index ETF by 197.0% in the first quarter. Jane Street Group LLC now owns 84,276 shares of the company’s stock valued at $2,153,000 after acquiring an additional 55,901 shares in the last quarter. JPMorgan Chase & Co. increased its position in Fidelity MSCI Energy Index ETF by 16.4% during the second quarter. JPMorgan Chase & Co. now owns 73,598 shares of the company’s stock worth $1,726,000 after acquiring an additional 10,351 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Fidelity MSCI Energy Index ETF by 4,601.8% during the second quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock worth $122,000 after acquiring an additional 5,108 shares during the period.

About Fidelity MSCI Energy Index ETF

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.