Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Growth in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 44,461 shares, an increase of 22.2% from the January 15th total of 36,384 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 208,124 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 208,124 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors raised its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 4.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,706 shares of the company’s stock valued at $255,000 after buying an additional 117 shares in the last quarter. Comerica Bank increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 7.1% in the third quarter. Comerica Bank now owns 1,905 shares of the company’s stock valued at $196,000 after acquiring an additional 126 shares during the last quarter. Russell Investments Group Ltd. raised its position in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the third quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Creative Planning lifted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 2.6% during the second quarter. Creative Planning now owns 5,361 shares of the company’s stock worth $504,000 after purchasing an additional 134 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the 4th quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after purchasing an additional 159 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Shares of NYSEARCA FDIS opened at $100.58 on Thursday. The business has a fifty day moving average price of $103.59 and a two-hundred day moving average price of $101.71. The stock has a market capitalization of $1.82 billion, a PE ratio of 25.42 and a beta of 1.26. Fidelity MSCI Consumer Discretionary Index ETF has a fifty-two week low of $74.00 and a fifty-two week high of $107.45.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.