Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Down 34.7% in December

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 52,066 shares, a decline of 34.7% from the December 15th total of 79,698 shares. Based on an average daily trading volume, of 85,212 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 85,212 shares, the days-to-cover ratio is currently 0.6 days.

Fidelity MSCI Consumer Discretionary Index ETF Trading Down 0.5%

Shares of NYSEARCA FDIS traded down $0.49 during mid-day trading on Friday, reaching $105.34. The company had a trading volume of 113,100 shares, compared to its average volume of 112,082. Fidelity MSCI Consumer Discretionary Index ETF has a 52-week low of $74.00 and a 52-week high of $107.45. The stock has a market cap of $2.01 billion, a P/E ratio of 25.42 and a beta of 1.26. The firm has a 50 day simple moving average of $102.37 and a two-hundred day simple moving average of $100.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FDIS. Russell Investments Group Ltd. grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. Larson Financial Group LLC purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the third quarter worth about $33,000. Howe & Rusling Inc. acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the second quarter valued at about $37,000. Signature Resources Capital Management LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter valued at approximately $48,000. Finally, SYM FINANCIAL Corp purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter valued at approximately $49,000.

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.