Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Drops By 64.6%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 21,513 shares, a decrease of 64.6% from the August 15th total of 60,695 shares. Based on an average trading volume of 103,604 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Fidelity MSCI Industrials Index ETF Price Performance

NYSEARCA:FIDU traded down $1.35 during trading hours on Monday, hitting $90.23. 102,617 shares of the company were exchanged, compared to its average volume of 115,153. Fidelity MSCI Industrials Index ETF has a 52-week low of $78.27 and a 52-week high of $100.00. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.65 and a beta of 1.03. The company’s 50 day moving average price is $95.70 and its 200-day moving average price is $93.86.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds have recently made changes to their positions in FIDU. Bellwether Advisors LLC purchased a new stake in Fidelity MSCI Industrials Index ETF during the 4th quarter valued at about $15,898,000. Sanctuary Advisors LLC lifted its holdings in shares of Fidelity MSCI Industrials Index ETF by 4.8% during the first quarter. Sanctuary Advisors LLC now owns 182,270 shares of the company’s stock worth $15,770,000 after purchasing an additional 8,351 shares during the period. Bank of America Corp DE lifted its holdings in shares of Fidelity MSCI Industrials Index ETF by 13.6% during the first quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock worth $12,312,000 after purchasing an additional 16,992 shares during the period. Lifeworks Advisors LLC boosted its position in Fidelity MSCI Industrials Index ETF by 0.3% in the first quarter. Lifeworks Advisors LLC now owns 112,300 shares of the company’s stock valued at $9,716,000 after buying an additional 382 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in Fidelity MSCI Industrials Index ETF by 23.2% in the first quarter. Kestra Advisory Services LLC now owns 104,956 shares of the company’s stock valued at $9,081,000 after buying an additional 19,785 shares during the last quarter.

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.