Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 47.4% in February

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 94,787 shares, an increase of 47.4% from the February 12th total of 64,304 shares. Based on an average daily trading volume, of 100,287 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 100,287 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lido Advisors LLC boosted its position in shares of Fidelity MSCI Industrials Index ETF by 1.9% during the 3rd quarter. Lido Advisors LLC now owns 1,736,585 shares of the company’s stock valued at $142,296,000 after purchasing an additional 32,118 shares in the last quarter. AE Wealth Management LLC increased its holdings in Fidelity MSCI Industrials Index ETF by 24.3% in the fourth quarter. AE Wealth Management LLC now owns 1,307,516 shares of the company’s stock worth $107,844,000 after purchasing an additional 255,717 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity MSCI Industrials Index ETF by 3.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock worth $74,604,000 after purchasing an additional 27,659 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Fidelity MSCI Industrials Index ETF by 23.5% in the third quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock valued at $33,181,000 after buying an additional 77,068 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in Fidelity MSCI Industrials Index ETF in the fourth quarter valued at approximately $15,898,000.

Fidelity MSCI Industrials Index ETF Stock Down 0.6%

FIDU stock opened at $87.80 on Monday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a 12-month low of $59.16 and a 12-month high of $95.82. The company’s fifty day simple moving average is $90.82 and its 200 day simple moving average is $84.94.

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.