Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Significant Decline in Short Interest

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 227,429 shares, a decline of 32.0% from the November 30th total of 334,437 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 4,472,861 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 4,472,861 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity MSCI Energy Index ETF Price Performance

Fidelity MSCI Energy Index ETF stock traded up $0.23 during trading hours on Monday, hitting $24.73. The company had a trading volume of 3,900,678 shares, compared to its average volume of 2,801,889. The firm has a 50-day moving average of $24.80 and a 200 day moving average of $24.40. The firm has a market cap of $1.32 billion, a PE ratio of 15.17 and a beta of 0.77. Fidelity MSCI Energy Index ETF has a one year low of $20.31 and a one year high of $26.23.

Institutional Trading of Fidelity MSCI Energy Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Fidelity MSCI Energy Index ETF by 40.3% in the third quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock valued at $43,000 after purchasing an additional 501 shares in the last quarter. Kiker Wealth Management LLC increased its holdings in Fidelity MSCI Energy Index ETF by 66,833.3% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock valued at $47,000 after buying an additional 2,005 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Fidelity MSCI Energy Index ETF in the 3rd quarter valued at about $54,000. Atlantic Union Bankshares Corp raised its position in shares of Fidelity MSCI Energy Index ETF by 2,557.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,657 shares of the company’s stock valued at $66,000 after buying an additional 2,557 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Fidelity MSCI Energy Index ETF by 4,601.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock worth $122,000 after acquiring an additional 5,108 shares during the period.

Fidelity MSCI Energy Index ETF Company Profile

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.