Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Significant Growth in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 263,700 shares, an increase of 314.6% from the May 15th total of 63,600 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,715,400 shares, the short-interest ratio is currently 0.2 days.

Fidelity MSCI Energy Index ETF Trading Up 1.8%

Shares of Fidelity MSCI Energy Index ETF stock opened at $24.38 on Friday. Fidelity MSCI Energy Index ETF has a 1 year low of $20.31 and a 1 year high of $27.03. The stock has a 50-day moving average price of $22.63 and a 200 day moving average price of $23.98. The company has a market cap of $1.42 billion, a P/E ratio of 14.19 and a beta of 0.79.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth about $29,000. PNC Financial Services Group Inc. raised its stake in shares of Fidelity MSCI Energy Index ETF by 160.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,300 shares of the company’s stock worth $31,000 after purchasing an additional 800 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter worth about $32,000. Global Retirement Partners LLC increased its holdings in shares of Fidelity MSCI Energy Index ETF by 3,140.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,426 shares of the company’s stock valued at $34,000 after acquiring an additional 1,382 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in shares of Fidelity MSCI Energy Index ETF during the 1st quarter valued at about $38,000.

Fidelity MSCI Energy Index ETF Company Profile

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.