Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Update

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 49,283 shares, a decline of 53.2% from the May 14th total of 105,391 shares. Based on an average trading volume of 82,562 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

Shares of FDIS stock traded up $0.20 during trading hours on Friday, reaching $101.97. The company had a trading volume of 77,721 shares, compared to its average volume of 110,422. The business has a fifty day moving average price of $100.73 and a 200-day moving average price of $100.86. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $89.95 and a one year high of $107.45. The firm has a market cap of $1.77 billion, a PE ratio of 25.42 and a beta of 1.23.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

A number of large investors have recently made changes to their positions in FDIS. AE Wealth Management LLC grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 26.7% in the fourth quarter. AE Wealth Management LLC now owns 966,605 shares of the company’s stock worth $98,748,000 after acquiring an additional 203,947 shares during the period. Bellwether Advisors LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $20,424,000. Lido Advisors LLC grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 9.0% during the third quarter. Lido Advisors LLC now owns 1,482,404 shares of the company’s stock valued at $152,495,000 after buying an additional 122,734 shares during the period. Assetmark Inc. grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 127.5% during the third quarter. Assetmark Inc. now owns 148,075 shares of the company’s stock valued at $15,232,000 after buying an additional 82,996 shares during the period. Finally, Global Assets Advisory LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the first quarter valued at approximately $6,565,000.

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.