Short Interest in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Grows By 106.2%

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 117,222 shares, a growth of 106.2% from the June 15th total of 56,856 shares. Based on an average daily trading volume, of 215,967 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

A number of institutional investors have recently modified their holdings of FCOM. Simplex Trading LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 80.9% in the 4th quarter. Simplex Trading LLC now owns 360 shares of the company’s stock valued at $26,000 after acquiring an additional 161 shares during the period. Allied Private Wealth LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $30,000. Russell Investments Group Ltd. increased its holdings in Fidelity MSCI Communication Services Index ETF by 170.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares in the last quarter. Larson Financial Group LLC purchased a new position in Fidelity MSCI Communication Services Index ETF in the third quarter valued at about $41,000. Finally, Global Retirement Partners LLC raised its position in Fidelity MSCI Communication Services Index ETF by 286.7% in the fourth quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock valued at $53,000 after purchasing an additional 539 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM traded down $1.30 during trading hours on Friday, hitting $71.12. The stock had a trading volume of 161,502 shares, compared to its average volume of 157,057. The firm has a market cap of $1.81 billion, a P/E ratio of 19.08 and a beta of 1.05. The company’s fifty day simple moving average is $71.99 and its 200 day simple moving average is $72.14. Fidelity MSCI Communication Services Index ETF has a 12-month low of $64.11 and a 12-month 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.