Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Large Drop in Short Interest

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 227,197 shares, a decline of 39.6% from the September 15th total of 376,036 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 299,932 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tompkins Financial Corp acquired a new position in Fidelity MSCI Health Care Index ETF during the third quarter valued at $27,000. Meramec Financial Planners LLC boosted its position in Fidelity MSCI Health Care Index ETF by 65.3% during the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after acquiring an additional 156 shares during the period. Mather Group LLC. purchased a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at about $49,000. Bessemer Group Inc. purchased a new position in Fidelity MSCI Health Care Index ETF during the 1st quarter valued at about $69,000. Finally, CoreCap Advisors LLC purchased a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at about $107,000.

Fidelity MSCI Health Care Index ETF Trading Down 0.6%

Shares of FHLC traded down $0.51 during midday trading on Friday, hitting $84.55. The stock had a trading volume of 202,516 shares, compared to its average volume of 214,108. Fidelity MSCI Health Care Index ETF has a fifty-two week low of $68.20 and a fifty-two week high of $85.73. The business has a 50-day simple moving average of $82.34 and a two-hundred day simple moving average of $76.86. The firm has a market cap of $3.56 billion, a P/E ratio of 21.23 and a beta of 0.59.

About Fidelity MSCI Health Care Index ETF

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.