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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 44,344 shares, an increase of 244.1% from the January 29th total of 12,886 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 278,087 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 278,087 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of FHLC stock traded up $1.09 on Friday, hitting $76.28. 114,132 shares of the stock traded hands, compared to its average volume of 200,475. The company’s fifty day moving average is $74.98 and its 200 day moving average is $71.31. Fidelity MSCI Health Care Index ETF has a 1-year low of $60.35 and a 1-year high of $77.10. The company has a market capitalization of $2.91 billion, a PE ratio of 21.23 and a beta of 0.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Fidelity MSCI Health Care Index ETF by 42.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock valued at $203,453,000 after buying an additional 820,771 shares during the last quarter. Rockland Trust Co. acquired a new position in Fidelity MSCI Health Care Index ETF in the third quarter valued at approximately $21,916,000. Altfest L J & Co. Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the third quarter valued at approximately $19,395,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 5,460.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 266,868 shares of the company’s stock valued at $17,845,000 after purchasing an additional 262,069 shares during the last quarter. Finally, AGF Management Ltd. raised its position in shares of Fidelity MSCI Health Care Index ETF by 28.5% during the 2nd quarter. AGF Management Ltd. now owns 756,389 shares of the company’s stock worth $48,371,000 after purchasing an additional 167,956 shares during the period.

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.