Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 55.5% in March

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 147,360 shares, a growth of 55.5% from the February 26th total of 94,787 shares. Based on an average daily volume of 167,426 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are short sold.

Fidelity MSCI Industrials Index ETF Stock Performance

Fidelity MSCI Industrials Index ETF stock opened at $85.15 on Monday. Fidelity MSCI Industrials Index ETF has a 1-year low of $59.16 and a 1-year high of $95.82. The company has a fifty day simple moving average of $90.85 and a 200 day simple moving average of $85.45. The company has a market cap of $1.60 billion, a P/E ratio of 24.65 and a beta of 1.11.

Institutional Trading of Fidelity MSCI Industrials Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FIDU. AE Wealth Management LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 24.3% in the 4th quarter. AE Wealth Management LLC now owns 1,307,516 shares of the company’s stock valued at $107,844,000 after acquiring an additional 255,717 shares during the period. Bellwether Advisors LLC bought a new position in Fidelity MSCI Industrials Index ETF during the fourth quarter worth about $15,898,000. Mercer Global Advisors Inc. ADV increased its position in Fidelity MSCI Industrials Index ETF by 5,801.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 161,332 shares of the company’s stock worth $13,219,000 after buying an additional 158,598 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity MSCI Industrials Index ETF by 17.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 882,815 shares of the company’s stock valued at $68,445,000 after buying an additional 128,115 shares during the period. Finally, Lido Advisors LLC raised its stake in Fidelity MSCI Industrials Index ETF by 7.9% in the second quarter. Lido Advisors LLC now owns 1,704,467 shares of the company’s stock valued at $132,147,000 after buying an additional 125,189 shares during the period.

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.