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

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 123,857 shares, a drop of 34.5% from the June 15th total of 189,233 shares. Based on an average trading volume of 1,880,178 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Fidelity MSCI Energy Index ETF Stock Performance

NYSEARCA:FENY opened at $31.63 on Friday. The business’s fifty day moving average is $31.36 and its 200 day moving average is $30.57. Fidelity MSCI Energy Index ETF has a 52-week low of $23.23 and a 52-week high of $35.26. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 15.17 and a beta of 0.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FENY. Capital Investment Advisors LLC raised its position in shares of Fidelity MSCI Energy Index ETF by 1.7% in the fourth quarter. Capital Investment Advisors LLC now owns 25,431 shares of the company’s stock worth $630,000 after buying an additional 427 shares in the last quarter. LongView Wealth Management increased its position in shares of 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 worth $237,000 after purchasing an additional 442 shares during the last quarter. Allworth Financial LP lifted its position in Fidelity MSCI Energy Index ETF by 40.3% during the third 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 last quarter. Eley Financial Management Inc grew its stake in Fidelity MSCI Energy Index ETF by 0.3% in the 1st quarter. Eley Financial Management Inc now owns 161,414 shares of the company’s stock worth $5,491,000 after buying an additional 549 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Fidelity MSCI Energy Index ETF by 5.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 10,337 shares of the company’s stock worth $256,000 after buying an additional 571 shares during the last quarter.

About Fidelity MSCI Energy Index ETF

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.