Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 59,080 shares, a growth of 174.6% from the August 31st total of 21,513 shares. Based on an average daily volume of 328,743 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in Fidelity MSCI Industrials Index ETF by 7.5% in the second quarter. NewEdge Advisors LLC now owns 72,031 shares of the company’s stock valued at $7,175,000 after purchasing an additional 5,040 shares during the period. Corient Private Wealth LP purchased a new position in Fidelity MSCI Industrials Index ETF during the second quarter worth approximately $262,000. Ameritas Advisory Services LLC raised its stake in Fidelity MSCI Industrials Index ETF by 47.8% during the second quarter. Ameritas Advisory Services LLC now owns 8,350 shares of the company’s stock worth $832,000 after purchasing an additional 2,702 shares during the period. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 14.5% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 4,740 shares of the company’s stock valued at $472,000 after purchasing an additional 599 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF in the 2nd quarter valued at $333,000.
Fidelity MSCI Industrials Index ETF Price Performance
Fidelity MSCI Industrials Index ETF stock opened at $89.50 on Tuesday. Fidelity MSCI Industrials Index ETF has a 12-month low of $78.27 and a 12-month high of $100.00. The firm’s 50-day moving average is $94.31 and its two-hundred day moving average is $93.60. The stock has a market capitalization of $2.19 billion, a P/E ratio of 24.65 and a beta of 1.03.
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.
See Also
- Five stocks we like better than Fidelity MSCI Industrials Index ETF
- Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
Receive News & Ratings for Fidelity MSCI Industrials Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Industrials Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
