Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Significant Drop in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 171,689 shares, a decline of 39.0% from the January 29th total of 281,423 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,115,871 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 5,115,871 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the company’s stock are sold short.

Fidelity MSCI Energy Index ETF Stock Up 1.6%

Shares of NYSEARCA FENY opened at $31.00 on Friday. The firm has a market cap of $1.66 billion, a P/E ratio of 15.17 and a beta of 0.77. Fidelity MSCI Energy Index ETF has a twelve month low of $20.31 and a twelve month high of $31.11. The company has a 50 day moving average of $27.54 and a 200 day moving average of $25.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FENY. Instrumental Wealth LLC bought a new stake in Fidelity MSCI Energy Index ETF in the 4th quarter worth about $198,000. Jacobs Equity LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter valued at about $374,000. EP Wealth Advisors LLC bought a new stake in shares of Fidelity MSCI Energy Index ETF in the fourth quarter worth approximately $851,000. Tudor Investment Corp ET AL raised its holdings in shares of Fidelity MSCI Energy Index ETF by 196.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 62,491 shares of the company’s stock valued at $1,548,000 after purchasing an additional 41,413 shares during the last quarter. Finally, Align Financial LLC bought a new position in Fidelity MSCI Energy Index ETF during the fourth quarter valued at approximately $887,000.

Fidelity MSCI Energy Index ETF Company Profile

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.