Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Large Increase in Short Interest

by · The Cerbat Gem

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 400,968 shares, an increase of 72.0% from the September 30th total of 233,100 shares. Based on an average daily trading volume, of 1,216,335 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

A number of hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its stake in Fidelity MSCI Energy Index ETF by 23.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 246,189 shares of the company’s stock worth $8,346,000 after purchasing an additional 46,899 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Fidelity MSCI Energy Index ETF during the third quarter valued at about $26,667,000. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Energy Index ETF during the third quarter valued at about $76,000. Kestra Private Wealth Services LLC grew its position in shares of Fidelity MSCI Energy Index ETF by 53.4% during the third quarter. Kestra Private Wealth Services LLC now owns 70,960 shares of the company’s stock valued at $2,406,000 after purchasing an additional 24,694 shares in the last quarter. Finally, New Capital Management LP purchased a new stake in shares of Fidelity MSCI Energy Index ETF in the third quarter worth about $3,535,000.

Fidelity MSCI Energy Index ETF Stock Performance

Shares of FENY stock opened at $36.89 on Tuesday. Fidelity MSCI Energy Index ETF has a 52-week low of $23.98 and a 52-week high of $38.53. The firm has a market capitalization of $2.27 billion, a PE ratio of 15.17 and a beta of 0.50. The stock has a fifty day simple moving average of $35.85 and a two-hundred day simple moving average of $32.56.

About Fidelity MSCI Energy Index ETF

(Get Free Report)

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.

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