Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Decreases By 62.3%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 35,435 shares, a drop of 62.3% from the July 15th total of 93,995 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 131,681 shares, the short-interest ratio is presently 0.3 days.

Fidelity MSCI Consumer Staples Index ETF Trading Up 0.1%

Shares of NYSEARCA:FSTA traded up $0.05 during mid-day trading on Friday, reaching $54.35. The stock had a trading volume of 112,934 shares, compared to its average volume of 169,711. The business’s 50 day moving average price is $53.42 and its 200 day moving average price is $53.54. Fidelity MSCI Consumer Staples Index ETF has a 1 year low of $47.88 and a 1 year high of $56.93. The company has a market cap of $1.43 billion, a P/E ratio of 22.37 and a beta of 0.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Fidelity MSCI Consumer Staples Index ETF by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock worth $125,117,000 after purchasing an additional 167,871 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1,658.1% in the 3rd quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock worth $6,484,000 after buying an additional 122,700 shares during the last quarter. Bellwether Advisors LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 1st quarter worth about $5,798,000. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF in the 4th quarter worth about $4,858,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 3rd quarter valued at about $4,679,000.

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.