Short Interest in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Declines By 40.1%

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 46,902 shares, a decrease of 40.1% from the June 15th total of 78,288 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 232,184 shares, the short-interest ratio is presently 0.2 days.

Fidelity MSCI Health Care Index ETF Trading Up 1.7%

Shares of Fidelity MSCI Health Care Index ETF stock traded up $1.31 on Thursday, hitting $78.53. 62,809 shares of the company traded hands, compared to its average volume of 201,738. The firm’s 50-day simple moving average is $73.95 and its 200 day simple moving average is $73.37. The company has a market cap of $3.29 billion, a P/E ratio of 21.23 and a beta of 0.60. Fidelity MSCI Health Care Index ETF has a 12-month low of $61.11 and a 12-month high of $80.53.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of large investors have recently added to or reduced their stakes in FHLC. Franklin Resources Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter worth about $26,000. Meramec Financial Planners LLC lifted its position in Fidelity MSCI Health Care Index ETF by 65.3% in the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after buying an additional 156 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Fidelity MSCI Health Care Index ETF by 1,105.1% in the third quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock worth $31,000 after buying an additional 431 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in Fidelity MSCI Health Care Index ETF in the fourth quarter worth approximately $34,000. Finally, Advocate Investing Services LLC bought a new position in Fidelity MSCI Health Care Index ETF during the fourth quarter valued at approximately $37,000.

Fidelity MSCI Health Care Index ETF Company Profile

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.