Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Up 126.7% in February

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 100,535 shares, an increase of 126.7% from the February 12th total of 44,344 shares. Based on an average daily trading volume, of 144,995 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 144,995 shares, the days-to-cover ratio is presently 0.7 days.

Fidelity MSCI Health Care Index ETF Stock Down 0.3%

Fidelity MSCI Health Care Index ETF stock opened at $71.40 on Friday. The business has a 50 day moving average price of $74.73 and a two-hundred day moving average price of $71.91. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. Fidelity MSCI Health Care Index ETF has a 12 month low of $60.35 and a 12 month high of $77.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FHLC. Franklin Resources Inc. acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at about $26,000. Cullen Frost Bankers Inc. bought a new stake in Fidelity MSCI Health Care Index ETF in the third quarter valued at about $29,000. IFC & Insurance Marketing Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter worth about $34,000. Finally, Russell Investments Group Ltd. lifted its stake in Fidelity MSCI Health Care Index ETF by 1,105.1% during the third 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 period.

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.