Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 17,696 shares, a decline of 68.0% from the September 30th total of 55,339 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 153,502 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 47.3% in the 1st quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Latitude Advisors LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter worth about $46,000. Godsey & Gibb Inc. bought a new position in Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at about $85,000. Independent Financial Group LLC bought a new position in Fidelity MSCI Industrials Index ETF during the 1st quarter valued at about $203,000. Finally, Congress Asset Management Co. bought a new position in Fidelity MSCI Industrials Index ETF during the 3rd quarter valued at about $208,000.
Fidelity MSCI Industrials Index ETF Stock Performance
Shares of FIDU stock traded up $1.09 during trading hours on Thursday, hitting $90.20. The company had a trading volume of 89,951 shares, compared to its average volume of 143,319. Fidelity MSCI Industrials Index ETF has a 12 month low of $78.27 and a 12 month high of $100.00. The firm’s fifty day moving average is $90.63 and its 200 day moving average is $92.66. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 24.65 and a beta of 1.03.
Fidelity MSCI Industrials Index ETF Company Profile
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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