Short Interest in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Declines By 40.1%

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 46,902 shares, a decline of 40.1% from the June 15th total of 78,288 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 232,184 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in Fidelity MSCI Health Care Index ETF by 66.8% in the first quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock worth $3,936,000 after buying an additional 23,077 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 1,276.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock worth $7,570,000 after acquiring an additional 102,757 shares during the period. Jane Street Group LLC grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 747.8% during the 1st quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock worth $2,185,000 after acquiring an additional 28,206 shares during the period. Focus Partners Wealth raised its position in shares of Fidelity MSCI Health Care Index ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock worth $452,000 after acquiring an additional 196 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 2nd quarter worth approximately $319,000.

Fidelity MSCI Health Care Index ETF Stock Up 1.7%

Shares of NYSEARCA:FHLC traded up $1.31 on Thursday, hitting $78.53. The company had a trading volume of 62,809 shares, compared to its average volume of 201,738. The firm’s 50-day simple moving average is $73.95 and its two-hundred day simple moving average is $73.37. Fidelity MSCI Health Care Index ETF has a 1 year low of $61.11 and a 1 year high of $80.53. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 21.23 and a beta of 0.60.

About Fidelity MSCI Health Care Index ETF

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.