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

by · The Markets Daily

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 120,674 shares, an increase of 139.1% from the April 30th total of 50,475 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 182,601 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Hedge funds have recently modified their holdings of the stock. Altfest L J & Co. Inc. raised its position in shares of Fidelity MSCI Health Care Index ETF by 19.2% in the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock valued at $25,680,000 after buying an additional 55,673 shares in the last quarter. Aprio Wealth Management LLC raised its position in shares of Fidelity MSCI Health Care Index ETF by 94.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 134,175 shares of the company’s stock valued at $8,972,000 after buying an additional 65,018 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Health Care Index ETF by 59.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 183,569 shares of the company’s stock valued at $12,275,000 after buying an additional 68,720 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Fidelity MSCI Health Care Index ETF by 10.1% in the 4th quarter. Apollon Wealth Management LLC now owns 193,277 shares of the company’s stock valued at $14,357,000 after buying an additional 17,738 shares in the last quarter. Finally, Lido Advisors LLC raised its position in shares of Fidelity MSCI Health Care Index ETF by 7.4% in the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock valued at $136,167,000 after buying an additional 141,132 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Stock Down 1.1%

Shares of NYSEARCA:FHLC traded down $0.79 during midday trading on Monday, reaching $71.46. The company had a trading volume of 166,333 shares, compared to its average volume of 188,313. The business’s 50 day moving average price is $70.62 and its 200 day moving average price is $73.05. The stock has a market cap of $2.90 billion, a PE ratio of 21.23 and a beta of 0.62. Fidelity MSCI Health Care Index ETF has a 1-year low of $61.11 and a 1-year high of $77.10.

Fidelity MSCI Health Care Index ETF Company Profile

(Get Free Report)

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.

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