Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Significant Drop in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 123,857 shares, a decrease of 34.5% from the June 15th total of 189,233 shares. Based on an average daily trading volume, of 1,880,178 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Fidelity MSCI Energy Index ETF Price Performance

Shares of FENY opened at $32.02 on Friday. The company has a 50-day moving average of $31.38 and a two-hundred day moving average of $30.58. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 15.17 and a beta of 0.43. Fidelity MSCI Energy Index ETF has a one year low of $23.23 and a one year high of $35.26.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FENY. Lido Advisors LLC raised its stake in Fidelity MSCI Energy Index ETF by 2.3% during the 1st quarter. Lido Advisors LLC now owns 1,755,925 shares of the company’s stock valued at $59,737,000 after purchasing an additional 38,901 shares during the period. Vicus Capital lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 2,690.9% in the first quarter. Vicus Capital now owns 803,382 shares of the company’s stock valued at $27,331,000 after purchasing an additional 774,596 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Fidelity MSCI Energy Index ETF by 111,011.1% in the second quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock worth $14,070,000 after buying an additional 599,460 shares during the period. Hilltop Wealth Advisors LLC boosted its position in shares of Fidelity MSCI Energy Index ETF by 2.3% in the fourth quarter. Hilltop Wealth Advisors LLC now owns 534,019 shares of the company’s stock worth $13,228,000 after buying an additional 11,812 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Fidelity MSCI Energy Index ETF during the third quarter valued at $10,917,000.

Fidelity MSCI Energy Index ETF Company Profile

The Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund that is based on the MSCI USA IMI Energy 25\u002F50 index, a market-cap-weighted index of US energy companies FENY was launched on Oct 24, 2013 and is managed by Fidelity.