Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 316.8% in January

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 141,897 shares, a growth of 316.8% from the December 31st total of 34,043 shares. Based on an average daily trading volume, of 92,391 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,391 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in Fidelity MSCI Industrials Index ETF by 51.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares during the last quarter. Mcrae Capital Management Inc. increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 2.9% during the third quarter. Mcrae Capital Management Inc. now owns 5,272 shares of the company’s stock worth $432,000 after buying an additional 149 shares in the last quarter. Primoris Wealth Advisors LLC lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 2.0% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $625,000 after acquiring an additional 150 shares during the last quarter. Trail Ridge Investment Advisors LLC lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.1% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 15,356 shares of the company’s stock valued at $1,258,000 after acquiring an additional 171 shares during the last quarter. Finally, Choreo LLC boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 7.0% during the 4th quarter. Choreo LLC now owns 3,214 shares of the company’s stock valued at $268,000 after acquiring an additional 211 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Price Performance

NYSEARCA:FIDU traded down $0.45 during trading hours on Wednesday, hitting $88.46. The company’s stock had a trading volume of 6,342 shares, compared to its average volume of 90,027. The stock has a fifty day simple moving average of $84.26 and a 200-day simple moving average of $82.13. The company has a market capitalization of $1.65 billion, a P/E ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a twelve month low of $59.16 and a twelve month high of $90.08.

About Fidelity MSCI Industrials Index ETF

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.