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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 271,589 shares, a decline of 63.2% from the April 30th total of 737,291 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,786,642 shares, the short-interest ratio is currently 0.2 days.

Fidelity MSCI Energy Index ETF Trading Down 1.0%

NYSEARCA FENY opened at $31.28 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 15.17 and a beta of 0.46. Fidelity MSCI Energy Index ETF has a 1-year low of $22.31 and a 1-year high of $35.26. The stock has a 50-day moving average of $32.53 and a 200-day moving average of $29.13.

Institutional Trading of Fidelity MSCI Energy Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FENY. Capital Investment Advisors LLC increased its holdings in Fidelity MSCI Energy Index ETF by 1.7% during the fourth quarter. Capital Investment Advisors LLC now owns 25,431 shares of the company’s stock valued at $630,000 after buying an additional 427 shares during the last quarter. LongView Wealth Management boosted its stake in shares of Fidelity MSCI Energy Index ETF by 5.0% during the 4th quarter. LongView Wealth Management now owns 9,256 shares of the company’s stock worth $237,000 after acquiring an additional 442 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after acquiring an additional 501 shares during the last quarter. Eley Financial Management Inc grew its position in shares of Fidelity MSCI Energy Index ETF by 0.3% during the 1st quarter. Eley Financial Management Inc now owns 161,414 shares of the company’s stock valued at $5,491,000 after acquiring an additional 549 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in shares of Fidelity MSCI Energy Index ETF by 5.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 10,337 shares of the company’s stock worth $256,000 after purchasing an additional 571 shares in the last quarter.

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.