Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Expands By 90.7%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 139,679 shares, a growth of 90.7% from the July 15th total of 73,246 shares. Based on an average daily volume of 79,335 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.6% of the company’s stock are sold short.

Fidelity MSCI Industrials Index ETF Stock Up 0.5%

FIDU traded up $0.47 on Friday, reaching $99.30. The company’s stock had a trading volume of 48,779 shares, compared to its average volume of 116,560. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 24.65 and a beta of 1.04. Fidelity MSCI Industrials Index ETF has a fifty-two week low of $78.27 and a fifty-two week high of $100.00. The stock has a 50 day moving average of $96.83 and a two-hundred day moving average of $93.55.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 47.3% in the 1st quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Fidelity MSCI Industrials Index ETF by 945.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock worth $51,000 after purchasing an additional 558 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fidelity MSCI Industrials Index ETF by 1,866.7% during the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after purchasing an additional 896 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter worth $75,000. Finally, Deutsche Bank AG purchased a new position in Fidelity MSCI Industrials Index ETF in the 4th quarter valued at $82,000.

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.