Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 54,602 shares, a drop of 52.3% from the July 15th total of 114,352 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 85,796 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF
A number of large investors have recently made changes to their positions in FDIS. Comerica Bank boosted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 7.1% in the 3rd quarter. Comerica Bank now owns 1,905 shares of the company’s stock worth $196,000 after purchasing an additional 126 shares during the period. Russell Investments Group Ltd. raised its stake in 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 period. Centaurus Financial Inc. lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 3.3% in the first quarter. Centaurus Financial Inc. now owns 5,760 shares of the company’s stock valued at $537,000 after purchasing an additional 184 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 100.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares in the last quarter. Finally, Smithfield Trust Co boosted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 5.1% in the fourth quarter. Smithfield Trust Co now owns 4,131 shares of the company’s stock worth $421,000 after buying an additional 200 shares during the period.
Fidelity MSCI Consumer Discretionary Index ETF Price Performance
NYSEARCA FDIS traded up $0.42 on Tuesday, hitting $102.55. 21,838 shares of the company were exchanged, compared to its average volume of 99,993. Fidelity MSCI Consumer Discretionary Index ETF has a twelve month low of $89.95 and a twelve month high of $107.45. The firm has a market capitalization of $1.70 billion, a P/E ratio of 25.42 and a beta of 1.23. The company’s 50 day moving average price is $101.70 and its 200-day moving average price is $100.26.
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.
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