Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Down 43.4% in May

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 68,311 shares, a drop of 43.4% from the May 14th total of 120,674 shares. Based on an average daily volume of 158,122 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 1.0% during the first quarter. Bank of America Corp DE now owns 118,410 shares of the company’s stock valued at $8,331,000 after purchasing an additional 1,151 shares in the last quarter. Centaurus Financial Inc. boosted its stake in Fidelity MSCI Health Care Index ETF by 43.8% in the first quarter. Centaurus Financial Inc. now owns 2,625 shares of the company’s stock valued at $185,000 after acquiring an additional 800 shares in the last quarter. Royal Bank of Canada boosted its stake in Fidelity MSCI Health Care Index ETF by 20.7% in the first quarter. Royal Bank of Canada now owns 39,494 shares of the company’s stock valued at $2,779,000 after acquiring an additional 6,764 shares in the last quarter. Eley Financial Management Inc boosted its stake in Fidelity MSCI Health Care Index ETF by 1,853.4% in the first quarter. Eley Financial Management Inc now owns 65,127 shares of the company’s stock valued at $4,367,000 after acquiring an additional 61,793 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Fidelity MSCI Health Care Index ETF by 47.2% in the first quarter. Quantinno Capital Management LP now owns 13,617 shares of the company’s stock valued at $958,000 after acquiring an additional 4,364 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Stock Performance

NYSEARCA FHLC opened at $74.06 on Friday. The firm’s 50 day moving average price is $71.24 and its 200-day moving average price is $73.05. Fidelity MSCI Health Care Index ETF has a 52-week low of $61.11 and a 52-week high of $77.10. The company has a market cap of $3.01 billion, a PE ratio of 21.23 and a beta of 0.61.

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.