Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Drop in Short Interest

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 128,215 shares, a decline of 35.5% from the September 15th total of 198,742 shares. Based on an average daily volume of 276,602 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds have recently added to or reduced their stakes in the stock. RDA Financial Network bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 3rd quarter valued at $205,000. Signal Advisors Wealth LLC increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 294.9% in the third quarter. Signal Advisors Wealth LLC now owns 16,724 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 12,489 shares during the period. Compass Financial Group INC SD increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 1.5% in the third quarter. Compass Financial Group INC SD now owns 359,370 shares of the exchange traded fund’s stock worth $18,270,000 after purchasing an additional 5,168 shares during the period. Atlas Brown Inc. bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the third quarter worth $1,291,000. Finally, First Heartland Consultants Inc. bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the third quarter worth $503,000.

Fidelity MSCI Consumer Staples Index ETF Stock Up 0.7%

NYSEARCA FSTA opened at $54.76 on Friday. The firm has a 50-day moving average price of $52.96 and a two-hundred day moving average price of $53.08. Fidelity MSCI Consumer Staples Index ETF has a 12-month low of $47.88 and a 12-month high of $56.93. The company has a market capitalization of $1.45 billion, a P/E ratio of 22.37 and a beta of 0.49.

About Fidelity MSCI Consumer Staples Index ETF

(Get Free Report)

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.

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