Short Interest in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Decreases By 34.6%

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 25,534 shares, a decrease of 34.6% from the February 26th total of 39,059 shares. Based on an average daily volume of 156,653 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Fidelity MSCI Communication Services Index ETF Trading Down 2.0%

NYSEARCA FCOM opened at $65.43 on Friday. Fidelity MSCI Communication Services Index ETF has a 12 month low of $48.96 and a 12 month high of $75.94. The stock has a 50 day moving average of $71.83 and a 200-day moving average of $71.57. The company has a market cap of $1.71 billion, a PE ratio of 19.08 and a beta of 1.06.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

A number of large investors have recently added to or reduced their stakes in the company. Simplex Trading LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 80.9% in the 4th quarter. Simplex Trading LLC now owns 360 shares of the company’s stock valued at $26,000 after acquiring an additional 161 shares during the period. Private Trust Co. NA raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% in the 3rd quarter. Private Trust Co. NA now owns 441 shares of the company’s stock valued at $31,000 after purchasing an additional 417 shares during the period. Russell Investments Group Ltd. lifted its stake in Fidelity MSCI Communication Services Index ETF by 170.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $41,000. Finally, Global Retirement Partners LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 286.7% during the fourth quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock worth $53,000 after purchasing an additional 539 shares during the period.

About Fidelity MSCI Communication Services Index ETF

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.