Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Short Interest Down 32.0% in December

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 227,429 shares, a drop of 32.0% from the November 30th total of 334,437 shares. Based on an average daily trading volume, of 4,472,861 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 4,472,861 shares, the short-interest ratio is currently 0.1 days.

Fidelity MSCI Energy Index ETF Stock Performance

Shares of NYSEARCA:FENY traded down $0.15 during midday trading on Wednesday, reaching $24.77. 2,821,921 shares of the company’s stock traded hands, compared to its average volume of 2,802,165. Fidelity MSCI Energy Index ETF has a one year low of $20.31 and a one year high of $26.23. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The stock has a 50 day moving average of $24.82 and a 200 day moving average of $24.41.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FENY. Allworth Financial LP boosted its stake in shares of Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after acquiring an additional 501 shares during the last quarter. Kiker Wealth Management LLC lifted its position in Fidelity MSCI Energy Index ETF by 66,833.3% during the second quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock valued at $47,000 after purchasing an additional 2,005 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Fidelity MSCI Energy Index ETF during the third quarter valued at $54,000. Atlantic Union Bankshares Corp increased its holdings in Fidelity MSCI Energy Index ETF by 2,557.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,657 shares of the company’s stock worth $66,000 after acquiring an additional 2,557 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Fidelity MSCI Energy Index ETF by 4,601.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock worth $122,000 after buying an additional 5,108 shares during the period.

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.