Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Decline in Short Interest

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 17,696 shares, a decline of 68.0% from the September 30th total of 55,339 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 153,502 shares, the short-interest ratio is presently 0.1 days.

Fidelity MSCI Industrials Index ETF Price Performance

NYSEARCA:FIDU traded down $1.44 during trading hours on Friday, reaching $88.76. 89,094 shares of the company were exchanged, compared to its average volume of 143,059. The business has a 50 day moving average of $90.50 and a 200 day moving average of $92.66. Fidelity MSCI Industrials Index ETF has a 1-year low of $78.27 and a 1-year high of $100.00. The company has a market capitalization of $2.27 billion, a P/E ratio of 24.65 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 4.8% during the first quarter. Sanctuary Advisors LLC now owns 182,270 shares of the company’s stock worth $15,770,000 after buying an additional 8,351 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 13.6% in the 1st quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock valued at $12,312,000 after acquiring an additional 16,992 shares during the last quarter. Independence Financial Advisors LLC lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 4.4% in the 3rd quarter. Independence Financial Advisors LLC now owns 142,295 shares of the company’s stock valued at $12,605,000 after acquiring an additional 5,970 shares during the last quarter. Lifeworks Advisors LLC lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 0.3% in the 1st quarter. Lifeworks Advisors LLC now owns 112,300 shares of the company’s stock valued at $9,716,000 after acquiring an additional 382 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 23.2% during the 1st quarter. Kestra Advisory Services LLC now owns 104,956 shares of the company’s stock valued at $9,081,000 after acquiring an additional 19,785 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Company Profile

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.