Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Short Interest Update

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 271,589 shares, a drop of 63.2% from the April 30th total of 737,291 shares. Based on an average trading volume of 1,786,642 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FENY. Royal Bank of Canada lifted its stake in shares of Fidelity MSCI Energy Index ETF by 16.9% in the 1st quarter. Royal Bank of Canada now owns 62,708 shares of the company’s stock valued at $1,602,000 after purchasing an additional 9,077 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Fidelity MSCI Energy Index ETF by 30.3% in the 1st quarter. Jones Financial Companies Lllp now owns 12,653 shares of the company’s stock valued at $323,000 after purchasing an additional 2,944 shares during the period. Jane Street Group LLC lifted its stake 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 valued at $2,153,000 after purchasing an additional 55,901 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Fidelity MSCI Energy Index ETF by 16.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 73,598 shares of the company’s stock valued at $1,726,000 after purchasing an additional 10,351 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Fidelity MSCI Energy Index ETF by 4,601.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock valued at $122,000 after purchasing an additional 5,108 shares during the period.

Fidelity MSCI Energy Index ETF Stock Performance

Shares of NYSEARCA:FENY traded up $0.56 during midday trading on Monday, reaching $31.84. The company’s stock had a trading volume of 2,015,288 shares, compared to its average volume of 4,231,107. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 15.17 and a beta of 0.46. The firm has a 50 day moving average price of $32.53 and a two-hundred day moving average price of $29.16. Fidelity MSCI Energy Index ETF has a fifty-two week low of $22.53 and a fifty-two week high of $35.26.

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.