Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Short Interest Down 63.2% in May

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 271,589 shares, a decrease of 63.2% from the April 30th total of 737,291 shares. Based on an average daily trading volume, of 1,786,642 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Fidelity MSCI Energy Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arete Wealth Advisors LLC purchased a new position in shares of Fidelity MSCI Energy Index ETF during the first quarter worth approximately $348,000. Western Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the 1st quarter valued at $682,000. Eley Financial Management Inc boosted its stake in shares of 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 valued at $5,491,000 after purchasing an additional 549 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Fidelity MSCI Energy Index ETF by 15.6% during the 1st quarter. Bank of America Corp DE now owns 238,526 shares of the company’s stock valued at $8,115,000 after purchasing an additional 32,166 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Fidelity MSCI Energy Index ETF during the 1st quarter valued at $327,000.

Fidelity MSCI Energy Index ETF Trading Down 1.0%

NYSEARCA FENY opened at $31.28 on Friday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 15.17 and a beta of 0.46. The business has a fifty day simple moving average of $32.53 and a 200 day simple moving average of $29.13. Fidelity MSCI Energy Index ETF has a 12 month low of $22.31 and a 12 month high of $35.26.

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.