Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Large Decrease in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 227,429 shares, a decrease of 32.0% from the November 30th total of 334,437 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 4,472,861 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 4,472,861 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are sold short.

Fidelity MSCI Energy Index ETF Stock Up 0.8%

Fidelity MSCI Energy Index ETF stock traded up $0.19 during mid-day trading on Tuesday, reaching $24.92. 2,853,770 shares of the company’s stock were exchanged, compared to its average volume of 2,802,097. The business’s fifty day simple moving average is $24.82 and its 200 day simple moving average is $24.41. The firm has a market capitalization of $1.33 billion, a PE ratio of 15.17 and a beta of 0.77. Fidelity MSCI Energy Index ETF has a one year low of $20.31 and a one year high of $26.23.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds have recently made changes to their positions in FENY. Royal Bank of Canada increased its holdings in Fidelity MSCI Energy Index ETF by 16.9% during the first quarter. Royal Bank of Canada now owns 62,708 shares of the company’s stock worth $1,602,000 after buying an additional 9,077 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Fidelity MSCI Energy Index ETF during the 1st quarter valued at approximately $320,000. National Wealth Management Group LLC bought a new position in shares of Fidelity MSCI Energy Index ETF during the 1st quarter valued at approximately $209,000. Jones Financial Companies Lllp increased its stake in shares of Fidelity MSCI Energy Index ETF by 30.3% during the 1st quarter. Jones Financial Companies Lllp now owns 12,653 shares of the company’s stock worth $323,000 after purchasing an additional 2,944 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Fidelity MSCI Energy Index ETF by 197.0% in the 1st quarter. Jane Street Group LLC now owns 84,276 shares of the company’s stock worth $2,153,000 after purchasing an additional 55,901 shares during the period.

About Fidelity MSCI Energy Index ETF

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.