Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Growth in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 44,461 shares, a growth of 22.2% from the January 15th total of 36,384 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 208,124 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 208,124 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Shares of NYSEARCA:FDIS opened at $99.70 on Tuesday. The company’s fifty day moving average price is $103.67 and its 200-day moving average price is $101.67. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $74.00 and a one year high of $107.45.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several hedge funds have recently added to or reduced their stakes in FDIS. Russell Investments Group Ltd. increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock worth $33,000 after buying an additional 159 shares in the last quarter. Larson Financial Group LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter worth approximately $35,000. Finally, Howe & Rusling Inc. purchased a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the second quarter worth approximately $37,000.

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.