Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Down 56.5% in August

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 60,695 shares, a drop of 56.5% from the July 30th total of 139,679 shares. Based on an average daily volume of 75,230 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of Fidelity MSCI Industrials Index ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP bought a new stake in Fidelity MSCI Industrials Index ETF in the second quarter worth approximately $262,000. Ameritas Advisory Services LLC raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 47.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 8,350 shares of the company’s stock valued at $832,000 after purchasing an additional 2,702 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 14.5% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 4,740 shares of the company’s stock valued at $472,000 after purchasing an additional 599 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at $333,000. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at $215,000.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of Fidelity MSCI Industrials Index ETF stock traded down $1.13 during trading on Friday, hitting $93.78. 84,304 shares of the stock traded hands, compared to its average volume of 115,678. The stock has a market cap of $2.27 billion, a P/E ratio of 24.65 and a beta of 1.04. The company has a fifty day moving average price of $96.88 and a two-hundred day moving average price of $93.97. Fidelity MSCI Industrials Index ETF has a twelve month low of $78.27 and a twelve month high of $100.00.

About Fidelity MSCI Industrials Index ETF

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.