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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 44,344 shares, an increase of 244.1% from the January 29th total of 12,886 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 278,087 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 278,087 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of large investors have recently modified their holdings of FHLC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity MSCI Health Care Index ETF by 42.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock valued at $203,453,000 after acquiring an additional 820,771 shares during the last quarter. Lido Advisors LLC lifted its position in Fidelity MSCI Health Care Index ETF by 7.4% during the third quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock valued at $136,167,000 after purchasing an additional 141,132 shares during the period. AGF Management Ltd. lifted its position in Fidelity MSCI Health Care Index ETF by 20.0% during the third quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock valued at $60,674,000 after purchasing an additional 150,947 shares during the period. LPL Financial LLC boosted its holdings in Fidelity MSCI Health Care Index ETF by 4.6% in the fourth quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock valued at $50,144,000 after purchasing an additional 29,461 shares during the last quarter. Finally, Altfest L J & Co. Inc. grew its position in Fidelity MSCI Health Care Index ETF by 19.2% during the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock worth $25,680,000 after purchasing an additional 55,673 shares during the period.

Fidelity MSCI Health Care Index ETF Stock Up 1.4%

Shares of Fidelity MSCI Health Care Index ETF stock traded up $1.09 during trading on Friday, reaching $76.28. The company’s stock had a trading volume of 114,132 shares, compared to its average volume of 200,475. Fidelity MSCI Health Care Index ETF has a 1-year low of $60.35 and a 1-year high of $77.10. The company has a 50-day simple moving average of $74.98 and a two-hundred day simple moving average of $71.31. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

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.