Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Shorted: Short Interest Down 47.3% in September

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 74,389 shares, a decline of 47.3% from the September 15th total of 141,207 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 293,749 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Several large investors have recently modified their holdings of FCOM. Signal Advisors Wealth LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 159.9% in the 3rd quarter. Signal Advisors Wealth LLC now owns 8,308 shares of the company’s stock worth $598,000 after acquiring an additional 5,112 shares in the last quarter. Atlas Brown Inc. bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the third quarter valued at approximately $734,000. Independence Financial Advisors LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 4.1% during the 3rd quarter. Independence Financial Advisors LLC now owns 193,054 shares of the company’s stock valued at $13,902,000 after acquiring an additional 7,616 shares during the period. American National Bank & Trust purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth about $1,714,000. Finally, Crumly & Associates Inc. lifted its holdings in Fidelity MSCI Communication Services Index ETF by 20.2% during the 3rd quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock worth $12,192,000 after purchasing an additional 28,464 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA FCOM traded down $1.54 during trading hours on Friday, reaching $71.34. The company’s stock had a trading volume of 520,066 shares, compared to its average volume of 184,803. The firm has a fifty day simple moving average of $71.73 and a 200-day simple moving average of $71.73. The stock has a market cap of $1.76 billion, a P/E ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a 52 week low of $65.26 and a 52 week high of $75.94.

Fidelity MSCI Communication Services Index ETF Company Profile

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.