Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Stock Short Interest Report for September

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 74,389 shares, a decline of 47.3% from the September 15th total of 141,207 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 293,749 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

A number of institutional investors have recently added to or reduced their stakes in FCOM. Signal Advisors Wealth LLC grew its stake in Fidelity MSCI Communication Services Index ETF by 159.9% in the 3rd quarter. Signal Advisors Wealth LLC now owns 8,308 shares of the company’s stock valued at $598,000 after acquiring an additional 5,112 shares during the last quarter. Atlas Brown Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 3rd quarter valued at about $734,000. Independence Financial Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF by 4.1% during the third quarter. Independence Financial Advisors LLC now owns 193,054 shares of the company’s stock worth $13,902,000 after acquiring an additional 7,616 shares during the last quarter. American National Bank & Trust acquired a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $1,714,000. Finally, Crumly & Associates Inc. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 20.2% in the third quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock valued at $12,192,000 after purchasing an additional 28,464 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 1.1%

Shares of NYSEARCA:FCOM traded up $0.78 on Thursday, reaching $72.88. 125,881 shares of the company were exchanged, compared to its average volume of 183,110. The company has a 50-day moving average of $71.73 and a 200-day moving average of $71.73. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a 1-year low of $65.26 and a 1-year high of $75.94.

About Fidelity MSCI Communication Services Index ETF

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.