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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 45,469 shares, a decrease of 54.8% from the February 26th total of 100,535 shares. Based on an average daily volume of 161,357 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity MSCI Health Care Index ETF Trading Down 1.9%

Shares of FHLC stock traded down $1.36 during trading hours on Friday, hitting $68.53. The company’s stock had a trading volume of 234,424 shares, compared to its average volume of 190,424. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. Fidelity MSCI Health Care Index ETF has a twelve month low of $60.35 and a twelve month high of $77.10. The business has a fifty day moving average of $73.64 and a 200-day moving average of $72.21.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FHLC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity MSCI Health Care Index ETF by 42.8% during 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 last quarter. Lido Advisors LLC boosted its holdings in shares of Fidelity MSCI Health Care Index ETF by 7.4% in the third quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock worth $136,167,000 after buying an additional 141,132 shares during the period. AGF Management Ltd. increased its position in shares of Fidelity MSCI Health Care Index ETF by 20.0% in the third quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock worth $60,674,000 after acquiring an additional 150,947 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 4.6% during the fourth quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock valued at $50,144,000 after acquiring an additional 29,461 shares during the period. Finally, Altfest L J & Co. Inc. lifted its position in shares of 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 acquiring an additional 55,673 shares in the last quarter.

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.