Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Update

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 118,673 shares, a decrease of 16.4% from the January 15th total of 141,897 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 255,072 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 255,072 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are sold short.

Fidelity MSCI Industrials Index ETF Trading Up 0.9%

Shares of NYSEARCA:FIDU traded up $0.86 on Monday, reaching $93.38. 85,105 shares of the company were exchanged, compared to its average volume of 152,183. The company has a 50-day moving average of $86.93 and a 200-day moving average of $83.15. Fidelity MSCI Industrials Index ETF has a 1-year low of $59.16 and a 1-year high of $95.47. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FIDU. SYM FINANCIAL Corp acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $28,000. PNC Financial Services Group Inc. grew its stake in Fidelity MSCI Industrials Index ETF by 51.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after acquiring an additional 128 shares during the period. Private Trust Co. NA acquired a new position in Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at $30,000. MTM Investment Management LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter valued at $37,000. Finally, Aptus Capital Advisors LLC raised its position in shares of 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 worth $51,000 after buying an additional 558 shares during the period.

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.