Short Interest in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Rises By 234.2%

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 158,730 shares, a growth of 234.2% from the December 15th total of 47,499 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 126,569 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 126,569 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.

Fidelity MSCI Health Care Index ETF Trading Up 0.6%

Fidelity MSCI Health Care Index ETF stock opened at $75.69 on Thursday. The firm has a 50 day simple moving average of $74.20 and a 200 day simple moving average of $68.82. Fidelity MSCI Health Care Index ETF has a 1-year low of $60.35 and a 1-year high of $77.10. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

Institutional Trading of Fidelity MSCI Health Care Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FHLC. Lido Advisors LLC boosted its stake in Fidelity MSCI Health Care Index ETF by 7.4% in the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock worth $136,167,000 after purchasing an additional 141,132 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 5.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,773,868 shares of the company’s stock valued at $113,439,000 after acquiring an additional 96,965 shares during the period. AGF Management Ltd. grew its stake in Fidelity MSCI Health Care Index ETF by 20.0% during the third quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock valued at $60,674,000 after acquiring an additional 150,947 shares in the last quarter. Rockland Trust Co. bought a new stake in Fidelity MSCI Health Care Index ETF during the 3rd quarter worth approximately $21,916,000. Finally, Raymond James Financial Inc. lifted its stake in Fidelity MSCI Health Care Index ETF by 3.9% in the 2nd quarter. Raymond James Financial Inc. now owns 291,535 shares of the company’s stock worth $18,644,000 after purchasing an additional 10,994 shares in the last quarter.

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.