Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Update

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 141,897 shares, an increase of 316.8% from the December 31st total of 34,043 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,391 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 92,391 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Lido Advisors LLC raised its position in Fidelity MSCI Industrials Index ETF by 1.9% in 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 during the last quarter. AE Wealth Management LLC grew its position 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 acquiring an additional 255,717 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity MSCI Industrials Index ETF by 3.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock worth $74,604,000 after buying an additional 27,659 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 23.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock valued at $33,181,000 after purchasing an additional 77,068 shares during the period. Finally, AGF Management Ltd. grew its position in Fidelity MSCI Industrials Index ETF by 1.5% in the 2nd quarter. AGF Management Ltd. now owns 287,911 shares of the company’s stock valued at $22,322,000 after acquiring an additional 4,250 shares during the last quarter.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of FIDU stock traded down $0.47 on Friday, hitting $88.73. 119,979 shares of the company’s stock traded hands, compared to its average volume of 173,679. Fidelity MSCI Industrials Index ETF has a one year low of $59.16 and a one year high of $90.08. The company’s fifty day simple moving average is $84.65 and its 200 day simple moving average is $82.22. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11.

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.