Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Short Interest Up 94.7% in August

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 81,611 shares, an increase of 94.7% from the August 15th total of 41,917 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 118,497 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Roxbury Financial LLC increased its stake in Fidelity MSCI Consumer Staples Index ETF by 0.4% during the first quarter. Roxbury Financial LLC now owns 56,794 shares of the exchange traded fund’s stock worth $2,972,000 after acquiring an additional 232 shares during the last quarter. Smith Salley Wealth Management lifted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 1.6% in the 1st quarter. Smith Salley Wealth Management now owns 23,714 shares of the exchange traded fund’s stock valued at $1,241,000 after purchasing an additional 367 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter worth about $25,000. IFP Advisors Inc grew its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 14.5% during the 4th quarter. IFP Advisors Inc now owns 3,965 shares of the exchange traded fund’s stock worth $195,000 after purchasing an additional 503 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth approximately $26,000.

Fidelity MSCI Consumer Staples Index ETF Trading Down 0.0%

NYSEARCA:FSTA traded down $0.00 during trading hours on Thursday, hitting $52.46. The company’s stock had a trading volume of 69,681 shares, compared to its average volume of 165,150. The stock has a market capitalization of $1.38 billion, a P/E ratio of 22.37 and a beta of 0.49. The stock has a fifty day moving average of $53.53 and a 200-day moving average of $53.29. Fidelity MSCI Consumer Staples Index ETF has a 52-week low of $47.88 and a 52-week high of $56.93.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.