Short Interest in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Decreases By 52.3%

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 54,602 shares, a decrease of 52.3% from the July 15th total of 114,352 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 85,796 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank lifted its position in shares of 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 in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 acquiring an additional 128 shares during the last quarter. Centaurus Financial Inc. increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 3.3% during the 1st quarter. Centaurus Financial Inc. now owns 5,760 shares of the company’s stock worth $537,000 after purchasing an additional 184 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock worth $41,000 after purchasing an additional 199 shares in the last quarter. Finally, Smithfield Trust Co increased its position in Fidelity MSCI Consumer Discretionary Index ETF by 5.1% during the 4th quarter. Smithfield Trust Co now owns 4,131 shares of the company’s stock worth $421,000 after purchasing an additional 200 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

FDIS stock traded down $1.30 during midday trading on Monday, reaching $102.13. 41,895 shares of the company were exchanged, compared to its average volume of 100,499. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 25.42 and a beta of 1.23. Fidelity MSCI Consumer Discretionary Index ETF has a 1-year low of $89.95 and a 1-year high of $107.45. The stock’s 50-day simple moving average is $101.67 and its 200 day simple moving average is $100.28.

About Fidelity MSCI Consumer Discretionary Index ETF

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.