Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Declines By 53.8%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 73,246 shares, a drop of 53.8% from the June 30th total of 158,689 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 105,047 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Large investors have recently added to or reduced their stakes in the company. Focus Financial Network Inc. increased its position in shares of Fidelity MSCI Industrials Index ETF by 9.4% during the second quarter. Focus Financial Network Inc. now owns 7,067 shares of the company’s stock worth $704,000 after purchasing an additional 610 shares in the last quarter. Roxbury Financial LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 1.2% in the second quarter. Roxbury Financial LLC now owns 14,605 shares of the company’s stock worth $1,455,000 after acquiring an additional 178 shares during the period. Parallel Advisors LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 47.3% during the 1st quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Bank of America Corp DE grew its holdings in Fidelity MSCI Industrials Index ETF by 13.6% in the first quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock valued at $12,312,000 after purchasing an additional 16,992 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in Fidelity MSCI Industrials Index ETF by 9.5% in the 1st quarter. Centaurus Financial Inc. now owns 8,095 shares of the company’s stock worth $700,000 after acquiring an additional 704 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Trading Down 0.5%

Shares of Fidelity MSCI Industrials Index ETF stock traded down $0.49 on Tuesday, hitting $96.59. 176,811 shares of the company traded hands, compared to its average volume of 120,141. The company has a market cap of $2.34 billion, a PE ratio of 24.65 and a beta of 1.03. The stock’s 50 day moving average price is $95.78 and its 200-day moving average price is $92.67. Fidelity MSCI Industrials Index ETF has a 52 week low of $78.16 and a 52 week high of $100.00.

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.