Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Large Growth in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 311,957 shares, an increase of 81.7% from the February 12th total of 171,689 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 3,017,470 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 3,017,470 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the company’s shares are sold short.

Fidelity MSCI Energy Index ETF Stock Performance

Shares of FENY stock opened at $31.88 on Friday. Fidelity MSCI Energy Index ETF has a 52-week low of $20.31 and a 52-week high of $32.22. The firm has a market capitalization of $1.71 billion, a P/E ratio of 15.17 and a beta of 0.77. The stock has a 50 day moving average price of $28.75 and a 200 day moving average price of $26.10.

Institutional Trading of Fidelity MSCI Energy Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Beaumont Financial Advisors LLC grew its holdings in shares of Fidelity MSCI Energy Index ETF by 298.8% in the third quarter. Beaumont Financial Advisors LLC now owns 70,103 shares of the company’s stock worth $1,733,000 after purchasing an additional 52,526 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Fidelity MSCI Energy Index ETF by 201.4% in the 2nd quarter. Avantax Advisory Services Inc. now owns 150,940 shares of the company’s stock worth $3,540,000 after buying an additional 100,865 shares during the period. Perigon Wealth Management LLC bought a new stake in Fidelity MSCI Energy Index ETF during the 3rd quarter valued at about $819,000. Hilltop Wealth Advisors LLC purchased a new stake in Fidelity MSCI Energy Index ETF in the 3rd quarter valued at about $12,909,000. Finally, Syntax Research Inc. purchased a new stake in Fidelity MSCI Energy Index ETF in the 3rd quarter valued at about $1,903,000.

About Fidelity MSCI Energy Index ETF

The Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund that is based on the MSCI USA IMI Energy 25\u002F50 index, a market-cap-weighted index of US energy companies FENY was launched on Oct 24, 2013 and is managed by Fidelity.