Fidelity MSCI Energy Index ETF (NYSEARCA:FENY – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 123,857 shares, a decrease of 34.5% from the June 15th total of 189,233 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 1,880,178 shares, the days-to-cover ratio is presently 0.1 days.
Fidelity MSCI Energy Index ETF Stock Performance
Shares of NYSEARCA:FENY opened at $31.63 on Friday. Fidelity MSCI Energy Index ETF has a 52-week low of $23.23 and a 52-week high of $35.26. The business’s 50 day simple moving average is $31.36 and its two-hundred day simple moving average is $30.57. The firm has a market cap of $1.93 billion, a P/E ratio of 15.17 and a beta of 0.43.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Fidelity MSCI Energy Index ETF by 16.9% during the 1st quarter. Royal Bank of Canada now owns 62,708 shares of the company’s stock worth $1,602,000 after purchasing an additional 9,077 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Fidelity MSCI Energy Index ETF by 30.3% in the first quarter. Jones Financial Companies Lllp now owns 12,653 shares of the company’s stock valued at $323,000 after buying an additional 2,944 shares during the period. Jane Street Group LLC increased its holdings in Fidelity MSCI Energy Index ETF by 197.0% in the 1st quarter. Jane Street Group LLC now owns 84,276 shares of the company’s stock worth $2,153,000 after acquiring an additional 55,901 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Fidelity MSCI Energy Index ETF by 16.4% during the second quarter. JPMorgan Chase & Co. now owns 73,598 shares of the company’s stock valued at $1,726,000 after purchasing an additional 10,351 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Fidelity MSCI Energy Index ETF by 4,601.8% in the second quarter. Qube Research & Technologies Ltd now owns 5,219 shares of the company’s stock worth $122,000 after purchasing an additional 5,108 shares in the last quarter.
About Fidelity MSCI Energy Index ETF
The Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund that is based on the MSCI USA IMI Energy 25\u002F50 index, a market-cap-weighted index of US energy companies FENY was launched on Oct 24, 2013 and is managed by Fidelity.
Further Reading
- Five stocks we like better than Fidelity MSCI Energy Index ETF
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Fidelity MSCI Energy Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Energy Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
