Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Short Interest Down 43.7% in December

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 128,013 shares, a drop of 43.7% from the December 15th total of 227,429 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 4,340,571 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 4,340,571 shares, the short-interest ratio is presently 0.0 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity MSCI Energy Index ETF Price Performance

NYSEARCA FENY traded up $0.07 during trading hours on Friday, reaching $26.47. The company’s stock had a trading volume of 3,365,920 shares, compared to its average volume of 8,433,729. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 15.17 and a beta of 0.77. The company’s 50-day moving average is $25.14 and its two-hundred day moving average is $24.55. Fidelity MSCI Energy Index ETF has a 1-year low of $20.31 and a 1-year high of $26.92.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in Fidelity MSCI Energy Index ETF by 427.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,222,648 shares of the company’s stock worth $28,671,000 after acquiring an additional 990,880 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Fidelity MSCI Energy Index ETF by 111,011.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 600,000 shares of the company’s stock worth $14,070,000 after purchasing an additional 599,460 shares during the period. Hilltop Wealth Advisors LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 3rd quarter worth about $12,909,000. Soundwatch Capital LLC acquired a new stake in shares of Fidelity MSCI Energy Index ETF during the 2nd quarter worth about $113,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Fidelity MSCI Energy Index ETF in the 3rd quarter valued at about $10,917,000.

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.