Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Decreases By 62.3%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 35,435 shares, a decline of 62.3% from the July 15th total of 93,995 shares. Based on an average daily volume of 131,681 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

Shares of NYSEARCA FSTA opened at $54.30 on Friday. Fidelity MSCI Consumer Staples Index ETF has a fifty-two week low of $47.88 and a fifty-two week high of $56.93. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 22.37 and a beta of 0.50. The business’s 50 day moving average price is $53.38 and its 200-day moving average price is $53.54.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSTA. UBS Group AG grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 26.7% during the 4th quarter. UBS Group AG now owns 68,662 shares of the exchange traded fund’s stock worth $3,377,000 after buying an additional 14,450 shares in the last quarter. Southern Capital Advisors LLC lifted its stake in Fidelity MSCI Consumer Staples Index ETF by 664.6% in the first quarter. Southern Capital Advisors LLC now owns 63,603 shares of the exchange traded fund’s stock worth $3,328,000 after acquiring an additional 55,284 shares during the period. Jacobs Equity LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth about $715,000. Compass Financial Group INC SD grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 12.2% during the 4th quarter. Compass Financial Group INC SD now owns 293,954 shares of the exchange traded fund’s stock worth $14,460,000 after acquiring an additional 31,854 shares in the last quarter. Finally, Lido Advisors LLC increased its position in Fidelity MSCI Consumer Staples Index ETF by 1.3% during the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock valued at $71,104,000 after purchasing an additional 16,876 shares during the period.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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.