Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Decreases By 53.8%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 73,246 shares, a decline of 53.8% from the June 30th total of 158,689 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 105,047 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in shares of Fidelity MSCI Industrials Index ETF by 47.3% during the first quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Fidelity MSCI Industrials Index ETF by 945.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock worth $51,000 after purchasing an additional 558 shares during the period. First Horizon Corp bought a new position in Fidelity MSCI Industrials Index ETF in the 4th quarter valued at about $75,000. JPMorgan Chase & Co. grew its position in Fidelity MSCI Industrials Index ETF by 1,866.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock valued at $73,000 after buying an additional 896 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in Fidelity MSCI Industrials Index ETF during the 4th quarter valued at about $82,000.

Fidelity MSCI Industrials Index ETF Price Performance

FIDU stock traded up $0.59 on Thursday, reaching $93.91. The company’s stock had a trading volume of 54,648 shares, compared to its average volume of 119,610. Fidelity MSCI Industrials Index ETF has a 52 week low of $78.16 and a 52 week high of $100.00. The company has a market capitalization of $2.28 billion, a P/E ratio of 24.65 and a beta of 1.03. The firm has a fifty day moving average of $95.91 and a two-hundred day moving average of $92.80.

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.