Short Interest in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Decreases By 53.9%

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 134,760 shares, a decline of 53.9% from the August 15th total of 292,452 shares. Based on an average daily trading volume, of 869,630 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Fidelity MSCI Energy Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG bought a new position in Fidelity MSCI Energy Index ETF during the 4th quarter worth $25,000. Principia Wealth Advisory LLC grew its position in shares of Fidelity MSCI Energy Index ETF by 2,961.0% during the fourth quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock worth $31,000 after acquiring an additional 1,214 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the 4th quarter worth about $49,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF in the 3rd quarter worth about $54,000. Finally, Advisors Preferred LLC bought a new stake in Fidelity MSCI Energy Index ETF in the 1st quarter valued at about $59,000.

Fidelity MSCI Energy Index ETF Price Performance

Shares of NYSEARCA:FENY opened at $36.10 on Monday. The company has a market cap of $2.19 billion, a PE ratio of 15.17 and a beta of 0.45. Fidelity MSCI Energy Index ETF has a fifty-two week low of $23.52 and a fifty-two week high of $36.60. The firm has a 50-day simple moving average of $33.50 and a 200 day simple moving average of $32.44.

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.