Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Stock Short Interest Report for September

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

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA FCOM traded down $0.85 on Wednesday, hitting $72.47. 25,888 shares of the company were exchanged, compared to its average volume of 182,781. Fidelity MSCI Communication Services Index ETF has a twelve month low of $65.26 and a twelve month high of $75.94. The firm has a market capitalization of $1.84 billion, a P/E ratio of 19.08 and a beta of 1.04. The company’s 50 day moving average price is $71.65 and its 200-day moving average price is $71.64.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Large investors have recently made changes to their positions in the company. Signal Advisors Wealth LLC lifted 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 valued at $598,000 after acquiring an additional 5,112 shares in the last quarter. Atlas Brown Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth approximately $734,000. Independence Financial Advisors LLC grew its position in 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 worth $13,902,000 after purchasing an additional 7,616 shares in the last quarter. American National Bank & Trust acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter valued at $1,714,000. Finally, Crumly & Associates Inc. boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 20.2% in the third quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock worth $12,192,000 after buying an additional 28,464 shares during the period.

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.