Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Shares Shorted: Short Interest Up 131.7% in October

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 41,006 shares, a growth of 131.7% from the October 15th total of 17,696 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 345,709 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FIDU. Lido Advisors LLC purchased a new stake in Fidelity MSCI Industrials Index ETF in the third quarter valued at $160,597,000. Commonwealth Equity Services LLC acquired a new stake in Fidelity MSCI Industrials Index ETF during the 3rd quarter worth $29,316,000. Sanctuary Advisors LLC increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 4.8% in the first quarter. Sanctuary Advisors LLC now owns 182,270 shares of the company’s stock valued at $15,770,000 after purchasing an additional 8,351 shares during the last quarter. Independence Financial Advisors LLC lifted its holdings in Fidelity MSCI Industrials Index ETF by 4.4% during the 3rd quarter. Independence Financial Advisors LLC now owns 142,295 shares of the company’s stock worth $12,605,000 after buying an additional 5,970 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Fidelity MSCI Industrials Index ETF by 13.6% during the first quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock worth $12,312,000 after acquiring an additional 16,992 shares during the period.

Fidelity MSCI Industrials Index ETF Trading Down 0.5%

Shares of FIDU stock opened at $89.49 on Friday. Fidelity MSCI Industrials Index ETF has a twelve month low of $78.27 and a twelve month high of $100.00. The stock has a fifty day simple moving average of $89.59 and a two-hundred day simple moving average of $92.68. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 26.35 and a beta of 1.03.

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.