Short Interest in Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Rises By 627.8%

by · The Cerbat Gem

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 737,291 shares, a growth of 627.8% from the April 15th total of 101,311 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 2,452,611 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity MSCI Energy Index ETF Stock Performance

FENY stock traded up $0.29 during midday trading on Tuesday, reaching $32.24. 1,062,037 shares of the company’s stock traded hands, compared to its average volume of 4,577,331. The firm has a market capitalization of $2.01 billion, a PE ratio of 15.17 and a beta of 0.46. Fidelity MSCI Energy Index ETF has a 52 week low of $22.22 and a 52 week high of $35.26. The company has a 50-day moving average price of $32.25 and a two-hundred day moving average price of $28.36.

Institutional Investors Weigh In On Fidelity MSCI Energy Index ETF

Several large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new position in shares of Fidelity MSCI Energy Index ETF during the fourth quarter worth about $25,000. Principia Wealth Advisory LLC increased its holdings in shares of Fidelity MSCI Energy Index ETF by 2,961.0% in the 4th quarter. Principia Wealth Advisory LLC now owns 1,255 shares of the company’s stock worth $31,000 after buying an additional 1,214 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Fidelity MSCI Energy Index ETF by 40.3% in the 3rd quarter. Allworth Financial LP now owns 1,745 shares of the company’s stock worth $43,000 after buying an additional 501 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the 4th quarter valued at $49,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Fidelity MSCI Energy Index ETF during the 3rd quarter valued at $54,000.

Fidelity MSCI Energy Index ETF Company Profile

(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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