Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Short Interest Up 50.8% in August

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 308,419 shares, an increase of 50.8% from the July 30th total of 204,465 shares. Based on an average trading volume of 163,244 shares, the short-interest ratio is presently 1.9 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of FHLC. Royal Bank of Canada increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 66.8% in the 1st quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock worth $3,936,000 after acquiring an additional 23,077 shares during the period. Goldman Sachs Group Inc. boosted its stake in Fidelity MSCI Health Care Index ETF by 1,276.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock valued at $7,570,000 after purchasing an additional 102,757 shares during the period. Jane Street Group LLC grew its position in Fidelity MSCI Health Care Index ETF by 747.8% in the 1st quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock worth $2,185,000 after purchasing an additional 28,206 shares during the last quarter. Focus Partners Wealth grew its position in Fidelity MSCI Health Care Index ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock worth $452,000 after purchasing an additional 196 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in Fidelity MSCI Health Care Index ETF in the 2nd quarter worth about $319,000.

Fidelity MSCI Health Care Index ETF Stock Up 0.6%

Shares of NYSEARCA:FHLC traded up $0.53 during trading on Tuesday, hitting $83.26. 60,321 shares of the company traded hands, compared to its average volume of 197,916. The business’s fifty day moving average is $79.92 and its 200-day moving average is $74.77. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 21.23 and a beta of 0.59. Fidelity MSCI Health Care Index ETF has a one year low of $64.30 and a one year high of $85.46.

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.