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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLCGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 216,178 shares, an increase 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. Approximately 0.5% of the company’s stock are sold short.

Fidelity MSCI Health Care Index ETF Stock Performance

Shares of FHLC stock opened at $78.84 on Friday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 21.23 and a beta of 0.60. The firm’s 50-day moving average is $75.08 and its 200-day moving average is $73.55. Fidelity MSCI Health Care Index ETF has a 52-week low of $61.11 and a 52-week high of $80.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FHLC. Franklin Resources Inc. bought a new position in Fidelity MSCI Health Care Index ETF during the fourth quarter worth $26,000. Meramec Financial Planners LLC grew its holdings in Fidelity MSCI Health Care Index ETF by 65.3% during the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after buying an additional 156 shares in the last quarter. Russell Investments Group Ltd. raised its position in Fidelity MSCI Health Care Index ETF by 1,105.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock valued at $31,000 after buying an additional 431 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in Fidelity MSCI Health Care Index ETF in the 4th quarter valued at $34,000. Finally, Advocate Investing Services LLC bought a new position in Fidelity MSCI Health Care Index ETF during the 4th quarter valued at $37,000.

Fidelity MSCI Health Care Index ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Fidelity MSCI Health Care Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Health Care Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.