Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 227,197 shares, a drop of 39.6% from the September 15th total of 376,036 shares. Based on an average trading volume of 299,932 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.
Institutional Trading of Fidelity MSCI Health Care Index ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Meramec Financial Planners LLC lifted its position in shares of Fidelity MSCI Health Care Index ETF by 65.3% during the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after acquiring an additional 156 shares during the last quarter. Partnership Wealth Management LLC grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.1% in the 2nd quarter. Partnership Wealth Management LLC now owns 5,355 shares of the company’s stock worth $414,000 after acquiring an additional 162 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 0.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,692 shares of the company’s stock worth $2,680,000 after acquiring an additional 188 shares during the last quarter. Signature Wealth Management Partners LLC grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 1.8% in the 1st quarter. Signature Wealth Management Partners LLC now owns 10,909 shares of the company’s stock worth $768,000 after acquiring an additional 190 shares during the last quarter. Finally, Essex Financial Services Inc. raised its position in shares of Fidelity MSCI Health Care Index ETF by 3.3% during the first quarter. Essex Financial Services Inc. now owns 9,398 shares of the company’s stock worth $661,000 after purchasing an additional 301 shares during the period.
Fidelity MSCI Health Care Index ETF Trading Down 0.6%
NYSEARCA:FHLC traded down $0.51 during midday trading on Friday, hitting $84.55. 202,516 shares of the stock were exchanged, compared to its average volume of 214,108. The company has a market capitalization of $3.56 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 $68.20 and a one year high of $85.73. The business has a 50-day moving average price of $82.34 and a two-hundred day moving average price of $76.86.
Fidelity MSCI Health Care Index ETF Company Profile
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.
Further Reading
- Five stocks we like better than Fidelity MSCI Health Care Index ETF
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
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.
