Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Rises By 83.2%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 93,995 shares, an increase of 83.2% from the June 30th total of 51,308 shares. Based on an average daily trading volume, of 102,947 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC purchased a new stake in Fidelity MSCI Consumer Staples Index ETF in the second quarter valued at $60,000. Herbst Group LLC grew its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1.5% during the 2nd quarter. Herbst Group LLC now owns 38,555 shares of the exchange traded fund’s stock worth $2,026,000 after purchasing an additional 552 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter worth about $377,000. Bank of America Corp DE increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 8.3% during the 1st quarter. Bank of America Corp DE now owns 67,707 shares of the exchange traded fund’s stock worth $3,543,000 after purchasing an additional 5,205 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 4.9% during the 1st quarter. Arkadios Wealth Advisors now owns 70,811 shares of the exchange traded fund’s stock worth $3,706,000 after purchasing an additional 3,293 shares during the last quarter.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

Shares of NYSEARCA FSTA traded down $0.25 during midday trading on Friday, reaching $53.66. 127,623 shares of the stock were exchanged, compared to its average volume of 172,533. The stock has a market capitalization of $1.42 billion, a P/E ratio of 22.37 and a beta of 0.50. The company has a 50 day simple moving average of $53.11 and a 200 day simple moving average of $53.41. Fidelity MSCI Consumer Staples Index ETF has a twelve month low of $47.88 and a twelve month high of $56.93.

About Fidelity MSCI Consumer Staples Index ETF

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.