Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Significant Increase in Short Interest

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 100,535 shares, an increase of 126.7% from the February 12th total of 44,344 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 144,995 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 144,995 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Fidelity MSCI Health Care Index ETF by 42.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock valued at $203,453,000 after buying an additional 820,771 shares during the last quarter. Rockland Trust Co. bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the third quarter worth approximately $21,916,000. Altfest L J & Co. Inc. acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the third quarter valued at approximately $19,395,000. Mercer Global Advisors Inc. ADV grew its position in shares of Fidelity MSCI Health Care Index ETF by 5,460.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 266,868 shares of the company’s stock valued at $17,845,000 after purchasing an additional 262,069 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its stake in shares of Fidelity MSCI Health Care Index ETF by 1,765.5% during the third quarter. Strengthening Families & Communities LLC now owns 163,676 shares of the company’s stock worth $10,982,000 after purchasing an additional 154,902 shares during the period.

Fidelity MSCI Health Care Index ETF Stock Down 0.2%

FHLC opened at $73.01 on Thursday. Fidelity MSCI Health Care Index ETF has a 12-month low of $60.35 and a 12-month high of $77.10. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. The business has a 50 day moving average of $74.85 and a 200-day moving average of $71.87.

About Fidelity MSCI Health Care Index ETF

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.