Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Grows By 316.8%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 141,897 shares, an increase of 316.8% from the December 31st total of 34,043 shares. Based on an average trading volume of 92,391 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 92,391 shares, the days-to-cover ratio is presently 1.5 days.

Fidelity MSCI Industrials Index ETF Stock Down 1.1%

Fidelity MSCI Industrials Index ETF stock traded down $0.97 during midday trading on Friday, hitting $88.23. 44,473 shares of the stock were exchanged, compared to its average volume of 169,545. Fidelity MSCI Industrials Index ETF has a 52-week low of $59.16 and a 52-week high of $90.08. The business’s 50-day moving average price is $84.65 and its 200-day moving average price is $82.22. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Fidelity MSCI Industrials Index ETF by 1.5% in the first quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock valued at $8,354,000 after purchasing an additional 1,853 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Fidelity MSCI Industrials Index ETF by 12.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock worth $256,000 after acquiring an additional 410 shares during the last quarter. Jones Financial Companies Lllp grew its position in Fidelity MSCI Industrials Index ETF by 135.0% in the first quarter. Jones Financial Companies Lllp now owns 9,987 shares of the company’s stock worth $684,000 after acquiring an additional 5,737 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Fidelity MSCI Industrials Index ETF in the first quarter valued at $5,221,000. Finally, Jane Street Group LLC purchased a new stake in Fidelity MSCI Industrials Index ETF during the first quarter valued at about $752,000.

About Fidelity MSCI Industrials Index ETF

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.