Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Expands By 47.4%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 94,787 shares, a growth of 47.4% from the February 12th total of 64,304 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 100,287 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 100,287 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Large investors have recently bought and sold shares of the company. World Investment Advisors grew its position in shares of Fidelity MSCI Industrials Index ETF by 17.2% during the fourth quarter. World Investment Advisors now owns 4,103 shares of the company’s stock worth $338,000 after buying an additional 601 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Fidelity MSCI Industrials Index ETF by 21.7% during the 4th quarter. Sunbelt Securities Inc. now owns 19,870 shares of the company’s stock worth $1,639,000 after acquiring an additional 3,537 shares in the last quarter. Jacobs Equity LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the 4th quarter worth about $989,000. IHT Wealth Management LLC raised its stake in shares of Fidelity MSCI Industrials Index ETF by 1.7% in the 4th quarter. IHT Wealth Management LLC now owns 43,945 shares of the company’s stock valued at $3,625,000 after purchasing an additional 732 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Fidelity MSCI Industrials Index ETF by 10.1% during the fourth quarter. Cetera Investment Advisers now owns 46,423 shares of the company’s stock worth $3,829,000 after purchasing an additional 4,250 shares during the last quarter.

Fidelity MSCI Industrials Index ETF Trading Down 0.6%

Shares of NYSEARCA FIDU opened at $87.80 on Friday. The stock has a fifty day moving average price of $90.82 and a 200 day moving average price of $84.89. Fidelity MSCI Industrials Index ETF has a 12-month low of $59.16 and a 12-month high of $95.82. The company has a market cap of $1.65 billion, a P/E ratio of 24.65 and a beta of 1.11.

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.