Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Update

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 54,602 shares, a decrease of 52.3% from the July 15th total of 114,352 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 85,796 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds have recently added to or reduced their stakes in FDIS. Goldman Sachs Group Inc. purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the first quarter valued at approximately $1,585,000. Jane Street Group LLC acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF in the 1st quarter worth about $2,351,000. JPMorgan Chase & Co. grew its stake in Fidelity MSCI Consumer Discretionary Index ETF by 136.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,072 shares of the company’s stock valued at $101,000 after acquiring an additional 618 shares during the period. Raymond James Financial Inc. raised its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.0% during the 2nd quarter. Raymond James Financial Inc. now owns 12,375 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 69.7% in the second quarter. Ameriprise Financial Inc. now owns 71,296 shares of the company’s stock worth $6,707,000 after acquiring an additional 29,277 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

FDIS stock traded down $0.14 during mid-day trading on Friday, reaching $103.43. 76,551 shares of the stock traded hands, compared to its average volume of 100,878. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $89.95 and a one year high of $107.45. The stock has a market capitalization of $1.72 billion, a PE ratio of 25.42 and a beta of 1.23. The business has a 50-day moving average price of $101.67 and a two-hundred day moving average price of $100.28.

About Fidelity MSCI Consumer Discretionary Index ETF

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.