Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Short Interest Update

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 281,423 shares, a drop of 58.8% from the January 15th total of 683,358 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 5,239,637 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 5,239,637 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Institutional investors have recently made changes to their positions in the company. Deutsche Bank AG purchased a new position in shares of Fidelity MSCI Energy Index ETF in the fourth quarter valued at approximately $25,000. Principia Wealth Advisory LLC lifted its holdings in Fidelity MSCI Energy Index ETF by 2,961.0% in the 4th quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock valued at $31,000 after purchasing an additional 1,214 shares in the last quarter. Allworth Financial LP boosted its stake in Fidelity MSCI Energy Index ETF by 40.3% during the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after purchasing an additional 501 shares during the last quarter. Kiker Wealth Management LLC grew its holdings in shares of Fidelity MSCI Energy Index ETF by 66,833.3% during the second quarter. Kiker Wealth Management LLC now owns 2,008 shares of the company’s stock worth $47,000 after buying an additional 2,005 shares in the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the fourth quarter worth $49,000.

Fidelity MSCI Energy Index ETF Price Performance

NYSEARCA:FENY traded up $0.26 during trading hours on Friday, hitting $30.07. 4,355,605 shares of the company were exchanged, compared to its average volume of 6,431,934. The company’s 50 day moving average price is $26.45 and its 200-day moving average price is $25.16. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. Fidelity MSCI Energy Index ETF has a 52-week low of $20.31 and a 52-week high of $30.50.

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.