Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Short Interest Up 330.9% in December

by · The Markets Daily

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 72,573 shares, a growth of 330.9% from the November 30th total of 16,843 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 79,114 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 79,114 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Fidelity MSCI Communication Services Index ETF Trading Down 0.3%

Shares of NYSEARCA FCOM opened at $73.40 on Friday. The stock has a fifty day simple moving average of $71.16 and a two-hundred day simple moving average of $68.53. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $73.82. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCOM. Atlantic Union Bankshares Corp bought a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth approximately $26,000. Private Trust Co. NA lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% during the third quarter. Private Trust Co. NA now owns 441 shares of the company’s stock worth $31,000 after acquiring an additional 417 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 170.9% in the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock worth $36,000 after acquiring an additional 323 shares during the period. Larson Financial Group LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the third quarter valued at $41,000. Finally, Signature Resources Capital Management LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at $40,000.

About Fidelity MSCI Communication Services Index ETF

(Get Free Report)

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.

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