Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 141,207 shares, a growth of 109.4% from the August 31st total of 67,434 shares. Based on an average daily trading volume, of 404,784 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the company’s shares are sold short.
Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF
Several large investors have recently modified their holdings of FCOM. Blue Jean Financial LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $891,000. RFP Financial Group LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $1,043,000. Kovitz Investment Group Partners LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 17.0% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 104,850 shares of the company’s stock worth $7,683,000 after acquiring an additional 15,255 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $3,779,000. Finally, Vertex Investment Solutions Co. Ltd. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth $6,268,000.
Fidelity MSCI Communication Services Index ETF Stock Up 0.4%
FCOM opened at $72.23 on Wednesday. The stock has a market cap of $1.84 billion, a P/E ratio of 19.08 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 12 month low of $65.26 and a 12 month high of $75.94. The company has a fifty day simple moving average of $71.03 and a 200 day simple moving average of $71.46.
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.
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