Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Update

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 60,695 shares, a decrease of 56.5% from the July 30th total of 139,679 shares. Based on an average daily volume of 75,230 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Fidelity MSCI Industrials Index ETF Stock Performance

NYSEARCA FIDU traded down $0.87 during trading on Monday, hitting $92.91. The stock had a trading volume of 65,705 shares, compared to its average volume of 115,359. The company’s 50-day moving average price is $96.88 and its two-hundred day moving average price is $93.97. Fidelity MSCI Industrials Index ETF has a 12 month low of $78.27 and a 12 month high of $100.00. The company has a market capitalization of $2.25 billion, a PE ratio of 24.65 and a beta of 1.04.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FIDU. Corient Private Wealth LP bought a new stake in Fidelity MSCI Industrials Index ETF in the second quarter valued at approximately $262,000. Ameritas Advisory Services LLC increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 47.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 8,350 shares of the company’s stock worth $832,000 after acquiring an additional 2,702 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its stake in Fidelity MSCI Industrials Index ETF by 14.5% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 4,740 shares of the company’s stock valued at $472,000 after acquiring an additional 599 shares during the period. Compass Financial Management LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $333,000. Finally, Safeguard Investment Advisory Group LLC bought a new stake in Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at $215,000.

About Fidelity MSCI Industrials Index ETF

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.