Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Short Interest Up 330.9% in December

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 72,573 shares, an increase of 330.9% from the November 30th total of 16,843 shares. Based on an average daily volume of 79,114 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 79,114 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 16.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 67,249 shares of the company’s stock valued at $4,358,000 after buying an additional 9,255 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth about $201,000. AGF Management Ltd. lifted its holdings in Fidelity MSCI Communication Services Index ETF by 10.6% during the 2nd quarter. AGF Management Ltd. now owns 632,275 shares of the company’s stock valued at $40,978,000 after purchasing an additional 60,681 shares during the last quarter. VCI Wealth Management LLC grew its stake in Fidelity MSCI Communication Services Index ETF by 7.4% during the second quarter. VCI Wealth Management LLC now owns 21,409 shares of the company’s stock worth $1,388,000 after buying an additional 1,475 shares during the last quarter. Finally, Court Place Advisors LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1.2% during the second quarter. Court Place Advisors LLC now owns 16,805 shares of the company’s stock worth $1,089,000 after buying an additional 202 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock opened at $73.62 on Thursday. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $48.96 and a fifty-two week high of $73.82. The firm has a fifty day moving average price of $71.02 and a two-hundred day moving average price of $68.41. The firm has a market cap 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.