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

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 169,955 shares, an increase of 304.8% from the January 15th total of 41,984 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 200,639 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 200,639 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several large investors have recently modified their holdings of FSTA. Osaic Holdings Inc. boosted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 66.0% in 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 in the last quarter. Envestnet Asset Management Inc. raised its stake in Fidelity MSCI Consumer Staples Index ETF by 60.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 363,019 shares of the exchange traded fund’s stock valued at $18,093,000 after purchasing an additional 137,407 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1,658.1% during the third quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock valued at $6,484,000 after buying an additional 122,700 shares during the period. Assetmark Inc. increased its stake in Fidelity MSCI Consumer Staples Index ETF by 926.4% in the second quarter. Assetmark Inc. now owns 111,090 shares of the exchange traded fund’s stock valued at $5,682,000 after purchasing an additional 100,267 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth approximately $4,858,000.

Fidelity MSCI Consumer Staples Index ETF Stock Up 1.2%

Fidelity MSCI Consumer Staples Index ETF stock traded up $0.68 during midday trading on Wednesday, reaching $55.65. The company’s stock had a trading volume of 232,242 shares, compared to its average volume of 230,705. Fidelity MSCI Consumer Staples Index ETF has a fifty-two week low of $47.45 and a fifty-two week high of $55.88. The company has a market cap of $1.46 billion, a P/E ratio of 22.37 and a beta of 0.56. The business has a 50-day simple moving average of $51.13 and a 200-day simple moving average of $50.60.

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.