Short Interest in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Expands By 360.9%

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 216,178 shares, a growth of 360.9% from the June 30th total of 46,902 shares. Based on an average trading volume of 306,933 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

Fidelity MSCI Health Care Index ETF Stock Up 0.5%

FHLC opened at $79.26 on Tuesday. The firm has a market cap of $3.30 billion, a P/E ratio of 21.23 and a beta of 0.60. Fidelity MSCI Health Care Index ETF has a 52 week low of $61.11 and a 52 week high of $80.53. The business’s fifty day simple moving average is $75.26 and its 200 day simple moving average is $73.57.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds have recently modified their holdings of FHLC. Altfest L J & Co. Inc. increased its stake in Fidelity MSCI Health Care Index ETF by 19.2% in the fourth quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock valued at $25,680,000 after purchasing an additional 55,673 shares during the last quarter. Financial Partners Group Inc boosted its stake in Fidelity MSCI Health Care Index ETF by 19.7% in the 4th quarter. Financial Partners Group Inc now owns 73,218 shares of the company’s stock worth $5,428,000 after buying an additional 12,055 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Fidelity MSCI Health Care Index ETF by 10.1% in the 4th quarter. Apollon Wealth Management LLC now owns 193,277 shares of the company’s stock valued at $14,357,000 after buying an additional 17,738 shares during the period. Advisors Capital Management LLC purchased a new stake in Fidelity MSCI Health Care Index ETF in the 4th quarter valued at about $5,372,000. Finally, Claris Financial LLC purchased a new stake in Fidelity MSCI Health Care Index ETF in the 4th quarter valued at about $565,000.

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.