Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 49,045 shares, a drop of 34.1% from the September 30th total of 74,389 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 181,835 shares, the short-interest ratio is currently 0.3 days.
Fidelity MSCI Communication Services Index ETF Stock Up 1.3%
Shares of NYSEARCA:FCOM opened at $65.58 on Wednesday. The firm has a fifty day moving average of $71.08 and a two-hundred day moving average of $71.54. Fidelity MSCI Communication Services Index ETF has a 12-month low of $64.24 and a 12-month high of $75.94. The firm has a market capitalization of $1.53 billion, a P/E ratio of 19.08 and a beta of 1.09.
Institutional Trading of Fidelity MSCI Communication Services Index ETF
Several hedge funds and other institutional investors have recently modified their holdings of FCOM. Bayshore Capital Advisors LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at $586,000. Kestra Advisory Services LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 5.4% in the third quarter. Kestra Advisory Services LLC now owns 177,857 shares of the company’s stock worth $12,808,000 after purchasing an additional 9,138 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Fidelity MSCI Communication Services Index ETF in the third quarter worth $8,816,000. Schmidt P J Investment Management Inc. acquired a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth $309,000. Finally, Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth $38,000.
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.
See Also
- Five stocks we like better than Fidelity MSCI Communication Services Index ETF
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for Fidelity MSCI Communication Services Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Communication Services Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
