Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Short Interest Up 94.7% in August

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 81,611 shares, a growth of 94.7% from the August 15th total of 41,917 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 118,497 shares, the short-interest ratio is presently 0.7 days.

Fidelity MSCI Consumer Staples Index ETF Trading Down 0.8%

NYSEARCA:FSTA traded down $0.43 during trading hours on Tuesday, hitting $52.64. The company had a trading volume of 92,392 shares, compared to its average volume of 164,376. Fidelity MSCI Consumer Staples Index ETF has a 1 year low of $47.88 and a 1 year high of $56.93. The company has a market cap of $1.39 billion, a P/E ratio of 22.37 and a beta of 0.49. The company has a 50-day moving average of $53.57 and a 200 day moving average of $53.34.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

A number of institutional investors have recently bought and sold shares of FSTA. Bellwether Advisors LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF in the 1st quarter valued at approximately $5,798,000. Atlas Capital Advisors Inc. purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth $3,016,000. Southern Capital Advisors LLC grew its stake in shares of 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 valued at $3,328,000 after buying an additional 55,284 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 652.4% in the 1st quarter. Beaumont Financial Advisors LLC now owns 36,693 shares of the exchange traded fund’s stock valued at $1,920,000 after buying an additional 31,816 shares during the period. Finally, Arax Advisory Partners purchased a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at $1,531,000.

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.