Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Declines By 45.8%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 64,304 shares, a decline of 45.8% from the January 29th total of 118,673 shares. Based on an average daily volume of 109,287 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 109,287 shares, the short-interest ratio is presently 0.6 days.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of NYSEARCA FIDU traded down $0.18 during midday trading on Friday, reaching $94.63. 82,313 shares of the stock were exchanged, compared to its average volume of 140,213. The company has a 50 day simple moving average of $89.23 and a 200 day simple moving average of $84.13. The stock has a market capitalization of $1.78 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 $95.47.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of Fidelity MSCI Industrials Index ETF by 1.5% during the first quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock worth $8,354,000 after purchasing an additional 1,853 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Fidelity MSCI Industrials Index ETF by 12.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock worth $256,000 after buying an additional 410 shares during the period. Jones Financial Companies Lllp lifted its holdings in Fidelity MSCI Industrials Index ETF by 135.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,987 shares of the company’s stock worth $684,000 after buying an additional 5,737 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Fidelity MSCI Industrials Index ETF in the 1st quarter valued at approximately $5,221,000. Finally, Jane Street Group LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF in the first quarter worth $752,000.

Fidelity MSCI Industrials Index ETF Company Profile

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.