Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Drops By 29.9%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 77,163 shares, a decline of 29.9% from the December 15th total of 110,077 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 151,021 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 151,021 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FSTA. Janney Montgomery Scott LLC lifted its position in Fidelity MSCI Consumer Staples Index ETF by 4.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 5,045 shares of the exchange traded fund’s stock valued at $258,000 after acquiring an additional 209 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 4.7% in the second quarter. Pathway Financial Advisers LLC now owns 4,849 shares of the exchange traded fund’s stock valued at $248,000 after purchasing an additional 217 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 9.0% in the second quarter. Centaurus Financial Inc. now owns 3,085 shares of the exchange traded fund’s stock valued at $158,000 after purchasing an additional 255 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 61.3% during the second quarter. Cullen Frost Bankers Inc. now owns 687 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 261 shares during the last quarter. Finally, Soltis Investment Advisors LLC grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 3.4% during the second quarter. Soltis Investment Advisors LLC now owns 8,376 shares of the exchange traded fund’s stock worth $428,000 after buying an additional 273 shares in the last quarter.

Fidelity MSCI Consumer Staples Index ETF Trading Down 0.1%

Shares of FSTA traded down $0.06 during trading hours on Friday, reaching $52.03. The stock had a trading volume of 277,980 shares, compared to its average volume of 206,889. The firm has a 50-day simple moving average of $49.76 and a 200 day simple moving average of $50.35. Fidelity MSCI Consumer Staples Index ETF has a 12 month low of $47.45 and a 12 month high of $52.96. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.37 and a beta of 0.56.

About Fidelity MSCI Consumer Staples Index ETF

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.