Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Large Decrease in Short Interest
by Doug Wharley · The Cerbat GemFidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 17,841 shares, a drop of 60.8% from the March 15th total of 45,469 shares. Based on an average daily volume of 186,185 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Fidelity MSCI Health Care Index ETF Trading Down 1.4%
Shares of NYSEARCA:FHLC traded down $1.00 during midday trading on Friday, hitting $70.70. The company had a trading volume of 103,639 shares, compared to its average volume of 188,715. Fidelity MSCI Health Care Index ETF has a 12 month low of $60.35 and a 12 month high of $77.10. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. The firm has a fifty day simple moving average of $72.77 and a 200 day simple moving average of $72.58.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter worth $26,000. Cullen Frost Bankers Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth $29,000. Russell Investments Group Ltd. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock worth $31,000 after purchasing an additional 431 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth $33,000. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter worth $34,000.
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.