Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Decrease in Short Interest

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 134,231 shares, a decrease of 15.4% from the February 12th total of 158,740 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 179,407 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 179,407 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s shares are short sold.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.5%

NYSEARCA FSTA traded up $0.25 on Monday, hitting $54.18. The company’s stock had a trading volume of 18,566 shares, compared to its average volume of 220,859. The firm has a market cap of $1.42 billion, a P/E ratio of 22.37 and a beta of 0.56. Fidelity MSCI Consumer Staples Index ETF has a 52-week low of $47.45 and a 52-week high of $56.93. The company’s 50-day simple moving average is $53.76 and its 200 day simple moving average is $51.24.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSTA. Charles Schwab Investment Management Inc. increased its position in Fidelity MSCI Consumer Staples Index ETF by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock valued at $125,117,000 after purchasing an additional 167,871 shares during the period. Lido Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 5.1% in the 2nd quarter. Lido Advisors LLC now owns 1,399,498 shares of the exchange traded fund’s stock worth $71,584,000 after purchasing an additional 67,375 shares during the period. LPL Financial LLC boosted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 6.5% during the 4th quarter. LPL Financial LLC now owns 524,438 shares of the exchange traded fund’s stock valued at $25,797,000 after purchasing an additional 31,965 shares in the last quarter. AGF Management Ltd. boosted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 10.2% during the 3rd quarter. AGF Management Ltd. now owns 468,321 shares of the exchange traded fund’s stock valued at $23,341,000 after purchasing an additional 43,330 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 66.0% during the second quarter. Osaic Holdings Inc. now owns 430,477 shares of the exchange traded fund’s stock valued at $22,035,000 after buying an additional 171,111 shares during the period.

About Fidelity MSCI Consumer Staples Index ETF

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.