Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Update

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,914 shares, a decrease of 94.4% from the December 31st total of 158,730 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 190,800 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 190,800 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FHLC. IMG Wealth Management Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the second quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth approximately $29,000. SYM FINANCIAL Corp purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 2nd quarter valued at approximately $30,000. Finally, Russell Investments Group Ltd. boosted its position 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 purchasing an additional 431 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Price Performance

FHLC traded down $0.66 during midday trading on Wednesday, reaching $74.04. 288,316 shares of the company’s stock traded hands, compared to its average volume of 188,592. Fidelity MSCI Health Care Index ETF has a 52 week low of $60.35 and a 52 week high of $77.10. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. The firm has a fifty day moving average of $74.78 and a two-hundred day moving average of $69.55.

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.