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

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 112,643 shares, a growth of 75.4% from the June 15th total of 64,214 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,112 shares, the days-to-cover ratio is presently 1.4 days.

Fidelity MSCI Consumer Discretionary Index ETF Trading Down 1.5%

Shares of NYSEARCA:FDIS opened at $101.62 on Friday. Fidelity MSCI Consumer Discretionary Index ETF has a 12 month low of $89.95 and a 12 month high of $107.45. The company has a 50-day moving average price of $101.83 and a 200 day moving average price of $100.74. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 25.42 and a beta of 1.23.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds have recently modified their holdings of the company. Keystone Global Partners LLC raised its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 23.6% in the 4th quarter. Keystone Global Partners LLC now owns 57,269 shares of the company’s stock valued at $5,851,000 after purchasing an additional 10,918 shares during the last quarter. Yoder Wealth Management Inc. boosted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 16.0% in the 4th quarter. Yoder Wealth Management Inc. now owns 51,882 shares of the company’s stock worth $5,300,000 after purchasing an additional 7,174 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 278.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 13,430 shares of the company’s stock worth $1,372,000 after purchasing an additional 9,878 shares during the last quarter. Mach 1 Financial Group LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter worth approximately $2,206,000. Finally, AE Wealth Management LLC increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 26.7% during the 4th quarter. AE Wealth Management LLC now owns 966,605 shares of the company’s stock valued at $98,748,000 after purchasing an additional 203,947 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.