Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Significant Growth in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 67,322 shares, a growth of 31.2% from the February 12th total of 51,324 shares. Based on an average daily trading volume, of 114,733 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 114,733 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several large investors have recently added to or reduced their stakes in FDIS. AE Wealth Management LLC lifted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 26.7% in the 4th quarter. AE Wealth Management LLC now owns 966,605 shares of the company’s stock valued at $98,748,000 after purchasing an additional 203,947 shares during the last quarter. Bellwether Advisors LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter valued at approximately $20,424,000. Lido Advisors LLC increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.0% during the 3rd quarter. Lido Advisors LLC now owns 1,482,404 shares of the company’s stock valued at $152,495,000 after purchasing an additional 122,734 shares during the last quarter. Assetmark Inc. raised its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 127.5% during the 3rd quarter. Assetmark Inc. now owns 148,075 shares of the company’s stock valued at $15,232,000 after buying an additional 82,996 shares during the period. Finally, Independence Financial Advisors LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the 2nd quarter valued at $5,512,000.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Shares of NYSEARCA FDIS traded down $0.51 during mid-day trading on Friday, hitting $94.58. 82,355 shares of the company’s stock traded hands, compared to its average volume of 125,089. The company’s 50-day moving average is $101.82 and its two-hundred day moving average is $101.77. The company has a market capitalization of $1.71 billion, a P/E ratio of 25.42 and a beta of 1.26. Fidelity MSCI Consumer Discretionary Index ETF has a 1 year low of $74.00 and a 1 year high of $107.45.

About Fidelity MSCI Consumer Discretionary Index ETF

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.