Short Interest in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Declines By 53.9%

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 134,760 shares, a decline of 53.9% from the August 15th total of 292,452 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 869,630 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of large investors have recently added to or reduced their stakes in FENY. Principia Wealth Advisory LLC boosted its position in Fidelity MSCI Energy Index ETF by 2,961.0% during the fourth quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock valued at $31,000 after buying an additional 1,214 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of Fidelity MSCI Energy Index ETF in the fourth quarter worth about $49,000. Advisors Preferred LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF in the 1st quarter valued at about $59,000. Global Trust Asset Management LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF in the 1st quarter valued at about $78,000. Finally, Motiv8 Investments LLC purchased a new stake in Fidelity MSCI Energy Index ETF during the 4th quarter valued at about $85,000.

Fidelity MSCI Energy Index ETF Price Performance

NYSEARCA FENY traded down $1.08 on Wednesday, reaching $35.43. 1,104,042 shares of the company’s stock traded hands, compared to its average volume of 3,030,424. The stock has a market cap of $2.15 billion, a PE ratio of 15.17 and a beta of 0.45. Fidelity MSCI Energy Index ETF has a 12 month low of $23.52 and a 12 month high of $36.60. The stock has a 50-day simple moving average of $33.74 and a 200 day simple moving average of $32.51.

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.