Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 68,311 shares, a decline of 43.4% from the May 14th total of 120,674 shares. Based on an average daily volume of 158,122 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.
Fidelity MSCI Health Care Index ETF Price Performance
FHLC traded down $0.05 on Tuesday, hitting $73.77. The company had a trading volume of 112,746 shares, compared to its average volume of 190,291. The company’s fifty day moving average price is $71.31 and its 200 day moving average price is $73.02. Fidelity MSCI Health Care Index ETF has a 1-year low of $61.11 and a 1-year high of $77.10. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 21.23 and a beta of 0.61.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in 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 worth $203,453,000 after buying an additional 820,771 shares during the period. Lido Advisors LLC increased its position in Fidelity MSCI Health Care Index ETF by 6.3% in the 1st quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock worth $151,983,000 after buying an additional 127,325 shares during the period. LPL Financial LLC increased its position in Fidelity MSCI Health Care Index ETF by 4.6% in the 4th quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock worth $50,144,000 after buying an additional 29,461 shares during the period. Altfest L J & Co. Inc. increased its position in Fidelity MSCI Health Care Index ETF by 19.2% in the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock worth $25,680,000 after buying an additional 55,673 shares during the period. Finally, Weatherly Asset Management L. P. increased its position in Fidelity MSCI Health Care Index ETF by 2.9% in the 1st quarter. Weatherly Asset Management L. P. now owns 306,475 shares of the company’s stock worth $21,564,000 after buying an additional 8,602 shares during the period.
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.
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