Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Declines By 45.6%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 41,984 shares, a decline of 45.6% from the December 31st total of 77,163 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 199,830 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 199,830 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Fidelity MSCI Consumer Staples Index ETF Trading Up 1.3%

Shares of FSTA stock traded up $0.68 on Friday, reaching $52.86. The company had a trading volume of 192,894 shares, compared to its average volume of 200,190. The company has a 50-day moving average of $50.44 and a 200-day moving average of $50.42. The stock has a market cap of $1.38 billion, a PE ratio of 22.37 and a beta of 0.56. Fidelity MSCI Consumer Staples Index ETF has a 12 month low of $47.45 and a 12 month high of $52.96.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FSTA. AGF Management Ltd. increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1.5% during the 2nd quarter. AGF Management Ltd. now owns 424,991 shares of the exchange traded fund’s stock worth $21,738,000 after purchasing an additional 6,274 shares during the last quarter. AE Wealth Management LLC increased its position in Fidelity MSCI Consumer Staples Index ETF by 9.2% during the second quarter. AE Wealth Management LLC now owns 133,958 shares of the exchange traded fund’s stock worth $6,852,000 after buying an additional 11,328 shares during the last quarter. Lido Advisors LLC raised its stake in Fidelity MSCI Consumer Staples Index ETF by 5.1% in the second quarter. Lido Advisors LLC now owns 1,399,498 shares of the exchange traded fund’s stock valued at $71,584,000 after buying an additional 67,375 shares during the period. AlphaCore Capital LLC bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the second quarter valued at approximately $146,000. Finally, Bogart Wealth LLC acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the second quarter valued at approximately $32,000.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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.