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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 68,311 shares, a drop of 43.4% from the May 14th total of 120,674 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 158,122 shares, the short-interest ratio is presently 0.4 days.

Fidelity MSCI Health Care Index ETF Trading Down 0.3%

NYSEARCA:FHLC traded down $0.24 during trading hours on Monday, reaching $73.82. The company had a trading volume of 206,700 shares, compared to its average volume of 190,978. Fidelity MSCI Health Care Index ETF has a 52 week low of $61.11 and a 52 week high of $77.10. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 21.23 and a beta of 0.61. The firm’s 50 day moving average price is $71.31 and its 200-day moving average price is $73.02.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Large investors have recently added to or reduced their stakes in the stock. Altfest L J & Co. Inc. grew its position in shares of Fidelity MSCI Health Care Index ETF by 19.2% during the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock valued at $25,680,000 after acquiring an additional 55,673 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Fidelity MSCI Health Care Index ETF by 59.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 183,569 shares of the company’s stock valued at $12,275,000 after acquiring an additional 68,720 shares during the period. Aprio Wealth Management LLC grew its position in shares of Fidelity MSCI Health Care Index ETF by 94.0% during the 3rd quarter. Aprio Wealth Management LLC now owns 134,175 shares of the company’s stock valued at $8,972,000 after acquiring an additional 65,018 shares during the period. Apollon Wealth Management LLC grew its position in shares of Fidelity MSCI Health Care Index ETF by 10.1% during the 4th quarter. Apollon Wealth Management LLC now owns 193,277 shares of the company’s stock valued at $14,357,000 after acquiring an additional 17,738 shares during the period. Finally, Lido Advisors LLC grew its position in shares of Fidelity MSCI Health Care Index ETF by 7.4% during the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock valued at $136,167,000 after acquiring an additional 141,132 shares during the period.

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.