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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 47,499 shares, a decline of 64.6% from the November 30th total of 134,161 shares. Based on an average trading volume of 142,899 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 142,899 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Fidelity MSCI Health Care Index ETF

A number of hedge funds have recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in shares of Fidelity MSCI Health Care Index ETF in the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the third quarter valued at approximately $29,000. SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Health Care Index ETF during the second quarter valued at approximately $30,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% during the third quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock valued at $31,000 after acquiring an additional 431 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Stock Performance

FHLC traded up $0.05 during trading on Friday, reaching $75.05. The stock had a trading volume of 120,163 shares, compared to its average volume of 160,961. The business has a 50-day moving average of $72.82 and a 200-day moving average of $67.75. Fidelity MSCI Health Care Index ETF has a one year low of $60.35 and a one year high of $76.38. The stock has a market cap of $2.80 billion, a PE ratio of 21.23 and a beta of 0.67.

Fidelity MSCI Health Care Index ETF Company Profile

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.