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

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 117,146 shares, an increase of 114.5% from the July 30th total of 54,602 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 68,666 shares, the short-interest ratio is presently 1.7 days.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 1.0%

Shares of NYSEARCA:FDIS traded up $1.00 during trading on Friday, reaching $102.29. 58,728 shares of the company’s stock traded hands, compared to its average volume of 98,019. Fidelity MSCI Consumer Discretionary Index ETF has a fifty-two week low of $89.95 and a fifty-two week high of $107.45. The firm has a market cap of $1.70 billion, a PE ratio of 25.42 and a beta of 1.23. The company has a 50-day simple moving average of $101.86 and a 200-day simple moving average of $100.24.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the first quarter valued at approximately $1,585,000. Jane Street Group LLC acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF during the first quarter worth $2,351,000. JPMorgan Chase & Co. raised its position in Fidelity MSCI Consumer Discretionary Index ETF by 136.1% during the second quarter. JPMorgan Chase & Co. now owns 1,072 shares of the company’s stock worth $101,000 after acquiring an additional 618 shares during the period. Raymond James Financial Inc. lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 9.0% during the second quarter. Raymond James Financial Inc. now owns 12,375 shares of the company’s stock valued at $1,164,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 69.7% during the second quarter. Ameriprise Financial Inc. now owns 71,296 shares of the company’s stock valued at $6,707,000 after purchasing an additional 29,277 shares in the last quarter.

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.