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

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 118,673 shares, a drop of 16.4% from the January 15th total of 141,897 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 255,072 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 255,072 shares, the short-interest ratio is currently 0.5 days. Approximately 0.6% of the shares of the stock are short sold.

Fidelity MSCI Industrials Index ETF Price Performance

Shares of NYSEARCA:FIDU traded up $0.49 on Tuesday, hitting $93.87. The company’s stock had a trading volume of 41,065 shares, compared to its average volume of 148,529. The company has a market capitalization of $1.76 billion, a PE ratio of 24.65 and a beta of 1.11. The company has a 50-day simple moving average of $87.15 and a 200 day simple moving average of $83.24. Fidelity MSCI Industrials Index ETF has a 1 year low of $59.16 and a 1 year high of $95.47.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC lifted its stake in Fidelity MSCI Industrials Index ETF by 12.5% in the third quarter. AE Wealth Management LLC now owns 1,051,799 shares of the company’s stock worth $86,184,000 after acquiring an additional 117,011 shares during the period. AGF Management Ltd. boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 1.5% during the 2nd quarter. AGF Management Ltd. now owns 287,911 shares of the company’s stock valued at $22,322,000 after purchasing an additional 4,250 shares in the last quarter. Cetera Investment Advisers raised its stake in Fidelity MSCI Industrials Index ETF by 2.2% in the second quarter. Cetera Investment Advisers now owns 33,859 shares of the company’s stock worth $2,625,000 after buying an additional 726 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Fidelity MSCI Industrials Index ETF by 23.5% in the third quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock worth $33,181,000 after buying an additional 77,068 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in Fidelity MSCI Industrials Index ETF during the 2nd quarter valued at approximately $213,000.

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.