Fidelity MSCI Energy Index ETF (NYSEARCA:FENY – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 134,760 shares, a decline of 53.9% from the August 15th total of 292,452 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 869,630 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Fidelity MSCI Energy Index ETF in the second quarter valued at approximately $136,000. NewEdge Advisors LLC lifted its position in Fidelity MSCI Energy Index ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 109,117 shares of the company’s stock worth $3,225,000 after purchasing an additional 5,741 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Fidelity MSCI Energy Index ETF in the second quarter worth approximately $594,000. Elevation Wealth Management LLC boosted its stake in Fidelity MSCI Energy Index ETF by 82.1% during the 2nd quarter. Elevation Wealth Management LLC now owns 26,664 shares of the company’s stock valued at $788,000 after purchasing an additional 12,018 shares in the last quarter. Finally, Secure Asset Management LLC bought a new position in Fidelity MSCI Energy Index ETF during the 2nd quarter valued at $450,000.
Fidelity MSCI Energy Index ETF Stock Performance
NYSEARCA:FENY opened at $36.10 on Monday. Fidelity MSCI Energy Index ETF has a 1 year low of $23.52 and a 1 year high of $36.60. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 15.17 and a beta of 0.45. The business has a fifty day moving average of $33.50 and a 200-day moving average of $32.44.
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.
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