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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 120,674 shares, a growth of 139.1% from the April 30th total of 50,475 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 182,601 shares, the short-interest ratio is currently 0.7 days.

Fidelity MSCI Health Care Index ETF Stock Performance

NYSEARCA:FHLC traded down $0.57 during mid-day trading on Friday, reaching $72.25. The stock had a trading volume of 123,822 shares, compared to its average volume of 188,529. Fidelity MSCI Health Care Index ETF has a twelve month low of $61.11 and a twelve month high of $77.10. The business has a 50 day simple moving average of $70.59 and a 200 day simple moving average of $73.04. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 21.23 and a beta of 0.62.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Fidelity MSCI Health Care Index ETF by 42.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock worth $203,453,000 after acquiring an additional 820,771 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Fidelity MSCI Health Care Index ETF by 6.3% during the 1st quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock worth $151,983,000 after purchasing an additional 127,325 shares in the last quarter. AGF Management Ltd. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 20.0% during the 3rd quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock worth $60,674,000 after purchasing an additional 150,947 shares in the last quarter. LPL Financial LLC grew its stake in shares of Fidelity MSCI Health Care Index ETF by 4.6% during the 4th quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock worth $50,144,000 after purchasing an additional 29,461 shares during the period. Finally, Altfest L J & Co. Inc. increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 19.2% in the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock valued at $25,680,000 after purchasing an additional 55,673 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.