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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 12,886 shares, an increase of 44.6% from the January 15th total of 8,914 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 182,647 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 182,647 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FHLC. Motiv8 Investments LLC purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the 4th quarter valued at approximately $88,000. Arax Advisory Partners bought a new position in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $610,000. Atlas Capital Advisors Inc. bought a new stake in Fidelity MSCI Health Care Index ETF in the 4th quarter valued at about $2,861,000. Kestra Advisory Services LLC boosted its position in shares of Fidelity MSCI Health Care Index ETF by 0.8% during the fourth quarter. Kestra Advisory Services LLC now owns 264,043 shares of the company’s stock worth $19,613,000 after buying an additional 1,973 shares during the period. Finally, Transamerica Financial Advisors LLC grew its stake in shares of Fidelity MSCI Health Care Index ETF by 426.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 2,511 shares of the company’s stock worth $187,000 after purchasing an additional 2,034 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Trading Up 1.0%

Shares of NYSEARCA FHLC traded up $0.71 during midday trading on Monday, reaching $74.96. 120,095 shares of the stock were exchanged, compared to its average volume of 217,136. Fidelity MSCI Health Care Index ETF has a 52-week low of $60.35 and a 52-week high of $77.10. The company has a market capitalization of $2.86 billion, a P/E ratio of 21.23 and a beta of 0.67. The stock has a 50 day moving average price of $74.73 and a 200-day moving average price of $70.62.

Fidelity MSCI Health Care Index ETF Company Profile

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.