Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Down 43.4% in May

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 68,311 shares, a drop of 43.4% from the May 14th total of 120,674 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 158,122 shares, the days-to-cover ratio is presently 0.4 days.

Fidelity MSCI Health Care Index ETF Stock Performance

Shares of NYSEARCA:FHLC opened at $74.06 on Friday. The firm has a market cap of $3.01 billion, a PE ratio of 21.23 and a beta of 0.61. The firm’s 50 day simple moving average is $71.24 and its 200-day simple moving average is $73.05. Fidelity MSCI Health Care Index ETF has a one year low of $61.11 and a one year high of $77.10.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the fourth quarter worth approximately $26,000. Meramec Financial Planners LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 65.3% during the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after purchasing an additional 156 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF during the fourth quarter valued at approximately $34,000. Russell Investments Group Ltd. boosted its stake 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. Finally, Advocate Investing Services LLC bought a new position in shares of 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.