FENY Stock Summary and Trading Ideas (Fidelity MSCI Energy Index ETF | ARCA:FENY)

The ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Energy 25/50 Index.

Fidelity MSCI Energy Index ETF trades on the ARCA stock market under the symbol FENY.

As of May 10, 2024, FENY stock price declined to $25.74 with 326,092 million shares trading.

FENY has a beta of 0.50, meaning it tends to be less sensitive to market movements. FENY has a correlation of 0.10 to the broad based SPY ETF.

FENY has a market cap of $1.88 billion. This is considered a Small Cap stock.

In the last 3 years, FENY stock traded as high as $27.11 and as low as $12.26.

FENY has underperformed the market in the last year with a price return of +23.1% while the SPY ETF gained +27.8%. However, in the short term, FENY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.7% vs +4.2% return in SPY. But in the last 2 weeks, FENY shares have been beat by the market, returning -1.9% compared to an SPY return of +2.5%.

FENY support price is $25.59 and resistance is $26.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FENY stock will trade within this expected range on the day.