Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Drops By 16.4%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 118,673 shares, a drop of 16.4% from the January 15th total of 141,897 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 255,072 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 255,072 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are sold short.

Fidelity MSCI Industrials Index ETF Price Performance

Shares of NYSEARCA FIDU traded up $0.24 during midday trading on Wednesday, hitting $94.13. The stock had a trading volume of 55,364 shares, compared to its average volume of 148,438. Fidelity MSCI Industrials Index ETF has a fifty-two week low of $59.16 and a fifty-two week high of $95.47. The company’s 50-day simple moving average is $87.39 and its 200 day simple moving average is $83.34. The firm has a market cap of $1.77 billion, a P/E ratio of 24.65 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIDU. SYM FINANCIAL Corp bought a new stake in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth $28,000. PNC Financial Services Group Inc. increased its holdings in Fidelity MSCI Industrials Index ETF by 51.2% in 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. Private Trust Co. NA bought a new position in Fidelity MSCI Industrials Index ETF during the 3rd quarter worth $30,000. MTM Investment Management LLC acquired a new position in Fidelity MSCI Industrials Index ETF during the 2nd quarter worth about $37,000. Finally, Aptus Capital Advisors LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 945.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock valued at $51,000 after buying an additional 558 shares during the last quarter.

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.