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

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 67,322 shares, a growth of 31.2% from the February 12th total of 51,324 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 114,733 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 114,733 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

NYSEARCA:FDIS opened at $95.75 on Tuesday. Fidelity MSCI Consumer Discretionary Index ETF has a 52 week low of $74.00 and a 52 week high of $107.45. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26. The company has a 50-day moving average of $101.66 and a 200-day moving average of $101.73.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in Fidelity MSCI Consumer Discretionary Index ETF by 19.6% in the 4th quarter. Corient Private Wealth LLC now owns 2,519 shares of the company’s stock valued at $257,000 after purchasing an additional 412 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 43.1% in the 4th quarter. Sunbelt Securities Inc. now owns 10,170 shares of the company’s stock valued at $1,039,000 after purchasing an additional 3,061 shares during the last quarter. Jacobs Equity LLC bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter worth approximately $1,376,000. Mercer Global Advisors Inc. ADV lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 11.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,241 shares of the company’s stock valued at $638,000 after buying an additional 658 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter valued at approximately $1,667,000.

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.