Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Significant Drop in Short Interest

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 45,469 shares, a decline of 54.8% from the February 26th total of 100,535 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 161,357 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity MSCI Health Care Index ETF Stock Down 0.4%

Shares of Fidelity MSCI Health Care Index ETF stock traded down $0.25 during mid-day trading on Thursday, hitting $69.89. The stock had a trading volume of 228,476 shares, compared to its average volume of 189,658. The firm has a 50-day moving average of $73.87 and a two-hundred day moving average of $72.21. The firm has a market cap of $2.67 billion, a P/E 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 have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Fidelity MSCI Health Care Index ETF by 42.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock valued at $203,453,000 after purchasing an additional 820,771 shares during the period. Lido Advisors LLC increased its position in shares of Fidelity MSCI Health Care Index ETF by 7.4% during the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock worth $136,167,000 after purchasing an additional 141,132 shares during the last quarter. AGF Management Ltd. increased its position in shares of Fidelity MSCI Health Care Index ETF by 20.0% during the 3rd quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock worth $60,674,000 after purchasing an additional 150,947 shares during the last quarter. LPL Financial LLC raised its holdings in Fidelity MSCI Health Care Index ETF by 4.6% in the 4th quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock valued at $50,144,000 after buying an additional 29,461 shares during the period. Finally, Altfest L J & Co. Inc. raised its holdings in 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 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.