Short Interest in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Declines By 34.7%

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 52,066 shares, a decline of 34.7% from the December 15th total of 79,698 shares. Based on an average daily volume of 85,212 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 85,212 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds have recently modified their holdings of the stock. Piscataqua Savings Bank acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter valued at about $223,000. Maltin Wealth Management Inc. boosted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.5% in the fourth quarter. Maltin Wealth Management Inc. now owns 34,946 shares of the company’s stock valued at $3,570,000 after buying an additional 518 shares during the period. Independence Financial Advisors LLC lifted its position in Fidelity MSCI Consumer Discretionary Index ETF by 3.9% during the fourth quarter. Independence Financial Advisors LLC now owns 61,839 shares of the company’s stock worth $6,318,000 after purchasing an additional 2,342 shares during the period. Centennial Wealth Advisory LLC increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 5.6% in the fourth quarter. Centennial Wealth Advisory LLC now owns 5,180 shares of the company’s stock valued at $529,000 after acquiring an additional 276 shares during the last quarter. Finally, Keystone Global Partners LLC raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 23.6% during the fourth quarter. Keystone Global Partners LLC now owns 57,269 shares of the company’s stock worth $5,851,000 after acquiring an additional 10,918 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

NYSEARCA FDIS traded down $0.49 during trading hours on Friday, reaching $105.34. 113,100 shares of the company’s stock were exchanged, compared to its average volume of 112,082. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $74.00 and a one year high of $107.45. The company’s 50-day moving average is $102.37 and its two-hundred day moving average is $100.59.

About Fidelity MSCI Consumer Discretionary Index ETF

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.