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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 59,080 shares, a growth of 174.6% from the August 31st total of 21,513 shares. Based on an average daily volume of 328,743 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Fidelity MSCI Industrials Index ETF Stock Down 1.0%

Shares of NYSEARCA:FIDU traded down $0.89 during midday trading on Monday, reaching $89.50. The company’s stock had a trading volume of 229,258 shares, compared to its average volume of 127,713. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 24.65 and a beta of 1.03. Fidelity MSCI Industrials Index ETF has a 1 year low of $78.27 and a 1 year high of $100.00. The business has a 50 day moving average price of $94.41 and a 200 day moving average price of $93.61.

Institutional Trading of Fidelity MSCI Industrials Index ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC lifted its holdings in shares of Fidelity MSCI Industrials Index ETF by 184.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 95,802 shares of the company’s stock worth $8,289,000 after acquiring an additional 62,098 shares during the period. Vicus Capital purchased a new stake in Fidelity MSCI Industrials Index ETF in the first quarter valued at approximately $4,356,000. Atlas Capital Advisors Inc. purchased a new stake in Fidelity MSCI Industrials Index ETF in the fourth quarter valued at approximately $2,980,000. Hanseatic Management Services Inc. purchased a new stake in Fidelity MSCI Industrials Index ETF in the first quarter valued at approximately $2,002,000. Finally, Kestra Advisory Services LLC increased its position in Fidelity MSCI Industrials Index ETF by 23.2% during the first quarter. Kestra Advisory Services LLC now owns 104,956 shares of the company’s stock worth $9,081,000 after purchasing 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.