Short Interest in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Declines By 40.1%

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 46,902 shares, a drop of 40.1% from the June 15th total of 78,288 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 232,184 shares, the short-interest ratio is presently 0.2 days.

Fidelity MSCI Health Care Index ETF Stock Down 0.3%

Shares of Fidelity MSCI Health Care Index ETF stock traded down $0.22 on Friday, hitting $78.39. 154,280 shares of the company traded hands, compared to its average volume of 202,196. Fidelity MSCI Health Care Index ETF has a 12-month low of $61.11 and a 12-month high of $80.53. The company has a 50-day moving average price of $74.12 and a 200 day moving average price of $73.39. The company has a market cap of $3.28 billion, a PE ratio of 21.23 and a beta of 0.60.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds have recently made changes to their positions in FHLC. Blair William & Co. IL increased its stake 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 period. Roxbury Financial LLC boosted its holdings in Fidelity MSCI Health Care Index ETF by 0.6% during the fourth quarter. Roxbury Financial LLC now owns 24,646 shares of the company’s stock valued at $1,831,000 after purchasing an additional 147 shares in the last quarter. US Bancorp DE boosted its holdings in Fidelity MSCI Health Care Index ETF by 6.7% during the third quarter. US Bancorp DE now owns 2,333 shares of the company’s stock valued at $156,000 after purchasing an additional 147 shares in the last quarter. Meramec Financial Planners LLC grew its stake in shares of Fidelity MSCI Health Care Index ETF by 65.3% in 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, Partnership Wealth Management LLC raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.1% in the 2nd quarter. Partnership Wealth Management LLC now owns 5,355 shares of the company’s stock worth $414,000 after buying an additional 162 shares in the last quarter.

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.