Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 60,695 shares, a drop of 56.5% from the July 30th total of 139,679 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 75,230 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity MSCI Industrials Index ETF by 3.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock valued at $74,604,000 after acquiring an additional 27,659 shares in the last quarter. Bellwether Advisors LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF in the 4th quarter valued at about $15,898,000. Sanctuary Advisors LLC increased its position in shares of Fidelity MSCI Industrials Index ETF by 4.8% in the first quarter. Sanctuary Advisors LLC now owns 182,270 shares of the company’s stock valued at $15,770,000 after acquiring an additional 8,351 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Fidelity MSCI Industrials Index ETF by 5,801.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 161,332 shares of the company’s stock valued at $13,219,000 after acquiring an additional 158,598 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Fidelity MSCI Industrials Index ETF by 13.6% in the first quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock valued at $12,312,000 after acquiring an additional 16,992 shares during the last quarter.
Fidelity MSCI Industrials Index ETF Stock Performance
NYSEARCA:FIDU traded down $1.13 on Friday, reaching $93.78. The company’s stock had a trading volume of 84,304 shares, compared to its average volume of 115,678. Fidelity MSCI Industrials Index ETF has a 1-year low of $78.27 and a 1-year high of $100.00. The firm has a market cap of $2.27 billion, a PE ratio of 24.65 and a beta of 1.04. The business’s 50-day moving average price is $96.88 and its two-hundred day moving average price is $93.97.
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.
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