Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Down 68.6% in December

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 34,043 shares, a decline of 68.6% from the December 15th total of 108,277 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 64,542 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 64,542 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Fidelity MSCI Industrials Index ETF Price Performance

NYSEARCA FIDU opened at $87.70 on Tuesday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 24.65 and a beta of 1.11. The business has a 50 day simple moving average of $82.58 and a 200 day simple moving average of $81.31. Fidelity MSCI Industrials Index ETF has a one year low of $59.16 and a one year high of $87.71.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Hedge funds have recently modified their holdings of the stock. SYM FINANCIAL Corp acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter valued at $28,000. Private Trust Co. NA bought a new stake in Fidelity MSCI Industrials Index ETF in the third quarter valued at $30,000. PNC Financial Services Group Inc. raised its holdings in shares of Fidelity MSCI Industrials Index ETF by 51.2% during the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares during the period. Hilltop National Bank bought a new position in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $30,000. Finally, MTM Investment Management LLC bought a new position in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $37,000.

Fidelity MSCI Industrials Index ETF Company Profile

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.