Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Up 50.8% in August

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 308,419 shares, a growth of 50.8% from the July 30th total of 204,465 shares. Based on an average trading volume of 163,244 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Large investors have recently modified their holdings of the business. Financial Partners Group Inc boosted its holdings in Fidelity MSCI Health Care Index ETF by 19.7% in the fourth quarter. Financial Partners Group Inc now owns 73,218 shares of the company’s stock valued at $5,428,000 after purchasing an additional 12,055 shares during the last quarter. Claris Financial LLC purchased a new stake in Fidelity MSCI Health Care Index ETF during the 4th quarter worth approximately $565,000. Elevated Capital Advisors LLC increased its holdings in Fidelity MSCI Health Care Index ETF by 736.3% during the 1st quarter. Elevated Capital Advisors LLC now owns 22,188 shares of the company’s stock worth $1,561,000 after purchasing an additional 19,535 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at approximately $760,000. Finally, Weatherly Asset Management L. P. raised its position in shares of Fidelity MSCI Health Care Index ETF by 2.9% in the 1st quarter. Weatherly Asset Management L. P. now owns 306,475 shares of the company’s stock valued at $21,564,000 after purchasing an additional 8,602 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Stock Up 0.9%

FHLC opened at $83.89 on Thursday. The firm’s 50 day moving average is $80.29 and its 200-day moving average is $74.90. Fidelity MSCI Health Care Index ETF has a 52-week low of $64.30 and a 52-week high of $85.46. The firm has a market capitalization of $3.50 billion, a P/E ratio of 21.23 and a beta of 0.59.

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.