Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Decreases By 64.0%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 27,500 shares, a drop of 64.0% from the August 15th total of 76,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,300 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 63,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity MSCI Industrials Index ETF Stock Down 0.9%

Shares of FIDU opened at $80.47 on Friday. The business has a 50-day simple moving average of $80.08 and a two-hundred day simple moving average of $74.25. The stock has a market cap of $1.49 billion, a PE ratio of 24.65 and a beta of 1.13. Fidelity MSCI Industrials Index ETF has a 12-month low of $59.16 and a 12-month high of $81.93.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIDU. Wealth Enhancement Advisory Services LLC lifted its holdings in Fidelity MSCI Industrials Index ETF by 16.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,432 shares of the company’s stock worth $303,000 after buying an additional 633 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the first quarter valued at about $285,000. LPL Financial LLC grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 20.4% during the first quarter. LPL Financial LLC now owns 178,344 shares of the company’s stock valued at $12,211,000 after buying an additional 30,176 shares during the last quarter. CX Institutional bought a new position in Fidelity MSCI Industrials Index ETF during the 1st quarter valued at $45,000. Finally, Cetera Investment Advisers lifted its stake in Fidelity MSCI Industrials Index ETF by 9.0% during the 1st quarter. Cetera Investment Advisers now owns 33,133 shares of the company’s stock valued at $2,269,000 after acquiring an additional 2,723 shares in the last quarter.

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.