Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Update

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 120,674 shares, a growth of 139.1% from the April 30th total of 50,475 shares. Based on an average daily volume of 182,601 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FHLC. Blair William & Co. IL boosted its holdings in Fidelity MSCI Health Care Index ETF by 7.3% in the third quarter. Blair William & Co. IL now owns 2,020 shares of the company’s stock valued at $135,000 after acquiring an additional 137 shares during the last quarter. US Bancorp DE increased its position in Fidelity MSCI Health Care Index ETF by 6.7% in the third quarter. US Bancorp DE now owns 2,333 shares of the company’s stock worth $156,000 after purchasing an additional 147 shares during the period. Roxbury Financial LLC raised its holdings in Fidelity MSCI Health Care Index ETF by 0.6% during the 4th quarter. Roxbury Financial LLC now owns 24,646 shares of the company’s stock worth $1,831,000 after purchasing an additional 147 shares during the last quarter. Meramec Financial Planners LLC lifted 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 valued at $28,000 after purchasing an additional 156 shares during the period. Finally, Comerica Bank lifted its position in Fidelity MSCI Health Care Index ETF by 5.5% during the 3rd quarter. Comerica Bank now owns 3,595 shares of the company’s stock valued at $240,000 after purchasing an additional 189 shares during the period.

Fidelity MSCI Health Care Index ETF Trading Down 1.1%

Shares of FHLC traded down $0.79 during midday trading on Tuesday, reaching $71.46. 166,333 shares of the company were exchanged, compared to its average volume of 188,313. Fidelity MSCI Health Care Index ETF has a 1-year low of $61.11 and a 1-year high of $77.10. The stock has a 50-day moving average price of $70.62 and a 200-day moving average price of $73.05. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 21.23 and a beta of 0.62.

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.