Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Short Interest Up 94.7% in August

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 81,611 shares, a growth of 94.7% from the August 15th total of 41,917 shares. Based on an average daily trading volume, of 118,497 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Fidelity MSCI Consumer Staples Index ETF Price Performance

Shares of NYSEARCA FSTA traded down $0.20 during trading hours on Wednesday, hitting $52.47. 80,870 shares of the stock were exchanged, compared to its average volume of 165,672. Fidelity MSCI Consumer Staples Index ETF has a one year low of $47.88 and a one year high of $56.93. The company’s 50 day moving average is $53.55 and its 200 day moving average is $53.32. The firm has a market capitalization of $1.39 billion, a P/E ratio of 22.37 and a beta of 0.49.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of institutional investors have recently made changes to their positions in the business. Roxbury Financial LLC lifted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 0.4% in the 1st quarter. Roxbury Financial LLC now owns 56,794 shares of the exchange traded fund’s stock valued at $2,972,000 after purchasing an additional 232 shares during the period. Smith Salley Wealth Management increased its holdings in Fidelity MSCI Consumer Staples Index ETF by 1.6% in the first quarter. Smith Salley Wealth Management now owns 23,714 shares of the exchange traded fund’s stock valued at $1,241,000 after purchasing an additional 367 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF in the second quarter valued at about $25,000. IFP Advisors Inc lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 14.5% in the fourth quarter. IFP Advisors Inc now owns 3,965 shares of the exchange traded fund’s stock valued at $195,000 after buying an additional 503 shares during the period. Finally, Elyxium Wealth LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth about $26,000.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.