Short Interest in Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Declines By 30.1%

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 36,384 shares, a decline of 30.1% from the December 31st total of 52,066 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 112,030 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 112,030 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. Sound Income Strategies LLC grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% during the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after acquiring an additional 159 shares during the last quarter. Larson Financial Group LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at approximately $33,000. Howe & Rusling Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the second quarter worth approximately $37,000. Finally, SYM FINANCIAL Corp bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter worth approximately $49,000.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

Fidelity MSCI Consumer Discretionary Index ETF stock traded down $0.21 during mid-day trading on Friday, reaching $103.56. The company’s stock had a trading volume of 101,130 shares, compared to its average volume of 160,031. The firm’s fifty day moving average price is $103.59 and its two-hundred day moving average price is $101.27. Fidelity MSCI Consumer Discretionary Index ETF has a 12-month low of $74.00 and a 12-month high of $107.45. The company has a market capitalization of $1.97 billion, a P/E ratio of 25.42 and a beta of 1.26.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.