Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Large Decrease in Short Interest

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 46,902 shares, a decrease of 40.1% from the June 15th total of 78,288 shares. Based on an average daily trading volume, of 232,184 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in Fidelity MSCI Health Care Index ETF by 66.8% during the first quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock valued at $3,936,000 after purchasing an additional 23,077 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Fidelity MSCI Health Care Index ETF by 1,276.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock valued at $7,570,000 after purchasing an additional 102,757 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 747.8% during the 1st quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock valued at $2,185,000 after buying an additional 28,206 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.1% during the 1st quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock valued at $452,000 after buying an additional 196 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in Fidelity MSCI Health Care Index ETF in the 2nd quarter worth approximately $319,000.

Fidelity MSCI Health Care Index ETF Stock Performance

Shares of NYSEARCA:FHLC opened at $78.39 on Friday. Fidelity MSCI Health Care Index ETF has a 52-week low of $61.11 and a 52-week high of $80.53. The firm has a market cap of $3.28 billion, a P/E ratio of 21.23 and a beta of 0.60. The business’s 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $73.43.

Fidelity MSCI Health Care Index ETF Company Profile

The Fidelity MSCI Health Care Index ETF (FHLC) is an exchange-traded fund that is based on the MSCI US IMI 25\u002F50 Health Care index, a market-cap-weighted index of stocks in the broad US health care sector. FHLC was launched on Oct 21, 2013 and is managed by Fidelity.