Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) Sees Unusually-High Trading Volume – What’s Next?

Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) saw an uptick in trading volume on Tuesday . 1,273,788 shares changed hands during trading, an increase of 37% from the previous session’s volume of 927,095 shares.The stock last traded at $26.10 and had previously closed at $26.16.

Fidelity MSCI Energy Index ETF Price Performance

The firm has a market cap of $1.89 billion, a P/E ratio of 8.27 and a beta of 0.50. The stock’s 50-day simple moving average is $25.08 and its two-hundred day simple moving average is $24.82.

Hedge Funds Weigh In On Fidelity MSCI Energy Index ETF

Several hedge funds have recently added to or reduced their stakes in FENY. Prairie Wealth Advisors Inc. boosted its position in shares of Fidelity MSCI Energy Index ETF by 5.1% during the second quarter. Prairie Wealth Advisors Inc. now owns 29,650 shares of the company’s stock valued at $744,000 after buying an additional 1,430 shares during the period. Creative Planning lifted its stake in shares of Fidelity MSCI Energy Index ETF by 4.6% during the 2nd quarter. Creative Planning now owns 25,995 shares of the company’s stock worth $652,000 after acquiring an additional 1,148 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Fidelity MSCI Energy Index ETF by 1.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 787,675 shares of the company’s stock valued at $19,763,000 after acquiring an additional 9,060 shares during the period. NewEdge Advisors LLC grew its position in Fidelity MSCI Energy Index ETF by 11.9% in the 2nd quarter. NewEdge Advisors LLC now owns 168,957 shares of the company’s stock valued at $4,239,000 after acquiring an additional 17,922 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Fidelity MSCI Energy Index ETF by 4.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 38,138 shares of the company’s stock valued at $957,000 after acquiring an additional 1,705 shares during the last quarter.

Fidelity MSCI Energy Index ETF Company Profile

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.