Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 20,245 shares, a decrease of 82.7% from the August 15th total of 117,146 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 54,197 shares, the short-interest ratio is presently 0.4 days.
Fidelity MSCI Consumer Discretionary Index ETF Trading Up 1.1%
Shares of FDIS stock traded up $1.09 during mid-day trading on Friday, reaching $98.75. The stock had a trading volume of 70,003 shares, compared to its average volume of 95,878. The stock’s 50-day moving average price is $101.53 and its two-hundred day moving average price is $100.20. Fidelity MSCI Consumer Discretionary Index ETF has a 52-week low of $89.95 and a 52-week high of $107.45. The firm has a market capitalization of $1.64 billion, a PE ratio of 25.42 and a beta of 1.23.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock worth $26,000 after buying an additional 128 shares during the period. Larson Financial Group LLC bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the 3rd quarter worth approximately $33,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $35,000. Federation des caisses Desjardins du Quebec increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock valued at $41,000 after buying an additional 199 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 102.0% during the fourth quarter. Allworth Financial LP now owns 495 shares of the company’s stock valued at $51,000 after buying an additional 250 shares during the period.
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.
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