Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Decrease in Short Interest

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 73,246 shares, a drop of 53.8% from the June 30th total of 158,689 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 105,047 shares, the days-to-cover ratio is currently 0.7 days.

Fidelity MSCI Industrials Index ETF Stock Down 3.4%

NYSEARCA:FIDU traded down $3.27 on Wednesday, reaching $93.32. The stock had a trading volume of 112,896 shares, compared to its average volume of 120,090. The company has a market capitalization of $2.27 billion, a P/E ratio of 24.65 and a beta of 1.03. Fidelity MSCI Industrials Index ETF has a 1-year low of $78.16 and a 1-year high of $100.00. The stock has a fifty day moving average price of $95.91 and a 200-day moving average price of $92.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in Fidelity MSCI Industrials Index ETF by 47.3% during the 1st quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock worth $33,000 after acquiring an additional 123 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Fidelity MSCI Industrials Index ETF by 945.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock valued at $51,000 after purchasing an additional 558 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Fidelity MSCI Industrials Index ETF by 1,866.7% in the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after purchasing an additional 896 shares in the last quarter. First Horizon Corp acquired a new position in Fidelity MSCI Industrials Index ETF in the fourth quarter worth $75,000. Finally, Deutsche Bank AG acquired a new position in Fidelity MSCI Industrials Index ETF in the fourth quarter worth $82,000.

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.