Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Drops By 45.6%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 41,984 shares, a decrease of 45.6% from the December 31st total of 77,163 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 199,830 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 199,830 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the 2nd quarter valued at approximately $32,000. Cullen Frost Bankers Inc. raised its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 61.3% in the second quarter. Cullen Frost Bankers Inc. now owns 687 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 261 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 140.6% in the third quarter. Farther Finance Advisors LLC now owns 1,025 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 599 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 113.8% in the second quarter. Private Trust Co. NA now owns 1,007 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 536 shares in the last quarter. Finally, High Point Wealth Management LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth $52,000.

Fidelity MSCI Consumer Staples Index ETF Stock Up 1.3%

FSTA traded up $0.68 during trading on Friday, hitting $52.86. The company had a trading volume of 192,894 shares, compared to its average volume of 200,190. The company has a market capitalization of $1.38 billion, a PE ratio of 22.37 and a beta of 0.56. Fidelity MSCI Consumer Staples Index ETF has a one year low of $47.45 and a one year high of $52.96. The firm’s 50-day moving average price is $50.44 and its 200 day moving average price is $50.42.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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.