Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Grows By 55.5%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 147,360 shares, a growth of 55.5% from the February 26th total of 94,787 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 167,426 shares, the short-interest ratio is presently 0.9 days.

Fidelity MSCI Industrials Index ETF Stock Down 1.3%

Shares of NYSEARCA:FIDU traded down $1.09 during midday trading on Friday, reaching $85.15. The company had a trading volume of 230,939 shares, compared to its average volume of 140,702. Fidelity MSCI Industrials Index ETF has a 1-year low of $59.16 and a 1-year high of $95.82. The stock has a market cap of $1.60 billion, a PE ratio of 24.65 and a beta of 1.11. The business’s 50 day moving average price is $90.85 and its 200 day moving average price is $85.45.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA acquired a new stake in shares of Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at approximately $30,000. PNC Financial Services Group Inc. increased its holdings in 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 worth $29,000 after buying an additional 128 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in Fidelity MSCI Industrials Index ETF by 945.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock worth $51,000 after buying an additional 558 shares during the last quarter. First Horizon Corp bought a new stake in Fidelity MSCI Industrials Index ETF during the fourth quarter worth $75,000. Finally, JPMorgan Chase & Co. raised its position in Fidelity MSCI Industrials Index ETF by 1,866.7% during the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after acquiring an additional 896 shares in 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.