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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 47,499 shares, a drop of 64.6% from the November 30th total of 134,161 shares. Based on an average trading volume of 142,899 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 142,899 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FHLC. IMG Wealth Management Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at approximately $26,000. Bell Investment Advisors Inc bought a new stake in Fidelity MSCI Health Care Index ETF during the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in Fidelity MSCI Health Care Index ETF during the third quarter valued at approximately $29,000. SYM FINANCIAL Corp bought a new position in shares of Fidelity MSCI Health Care Index ETF in the second quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% in the third quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock worth $31,000 after purchasing an additional 431 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of NYSEARCA:FHLC traded up $0.05 during midday trading on Friday, hitting $75.05. The company had a trading volume of 120,163 shares, compared to its average volume of 160,961. Fidelity MSCI Health Care Index ETF has a 12-month low of $60.35 and a 12-month high of $76.38. The company has a fifty day moving average of $72.82 and a two-hundred day moving average of $67.75. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

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.