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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 178,026 shares, a decline of 34.5% from the May 14th total of 271,589 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,966,694 shares, the short-interest ratio is presently 0.1 days.

Fidelity MSCI Energy Index ETF Stock Down 1.1%

Shares of Fidelity MSCI Energy Index ETF stock opened at $30.36 on Thursday. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 15.17 and a beta of 0.42. Fidelity MSCI Energy Index ETF has a twelve month low of $23.23 and a twelve month high of $35.26. The company’s fifty day moving average is $32.07 and its 200 day moving average is $29.79.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FENY. Capital Investment Advisors LLC raised its position in shares of Fidelity MSCI Energy Index ETF by 1.7% during the fourth quarter. Capital Investment Advisors LLC now owns 25,431 shares of the company’s stock worth $630,000 after acquiring an additional 427 shares during the last quarter. LongView Wealth Management boosted its holdings in Fidelity MSCI Energy Index ETF by 5.0% in the fourth quarter. LongView Wealth Management now owns 9,256 shares of the company’s stock valued at $237,000 after acquiring an additional 442 shares during the last quarter. Allworth Financial LP increased its position in Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock valued at $43,000 after purchasing an additional 501 shares during the period. Eley Financial Management Inc increased its position in Fidelity MSCI Energy Index ETF by 0.3% during the 1st quarter. Eley Financial Management Inc now owns 161,414 shares of the company’s stock valued at $5,491,000 after purchasing an additional 549 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in Fidelity MSCI Energy Index ETF by 5.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 10,337 shares of the company’s stock worth $256,000 after purchasing an additional 571 shares during the last quarter.

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.