Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Down 82.7% in August

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 20,245 shares, a drop of 82.7% from the August 15th total of 117,146 shares. Based on an average daily trading volume, of 54,197 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FDIS. Goldman Sachs Group Inc. purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the 1st quarter worth $1,585,000. Jane Street Group LLC purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the 1st quarter valued at about $2,351,000. JPMorgan Chase & Co. grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 136.1% during the second quarter. JPMorgan Chase & Co. now owns 1,072 shares of the company’s stock valued at $101,000 after acquiring an additional 618 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.0% during the second quarter. Raymond James Financial Inc. now owns 12,375 shares of the company’s stock valued at $1,164,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 69.7% during the second quarter. Ameriprise Financial Inc. now owns 71,296 shares of the company’s stock worth $6,707,000 after acquiring an additional 29,277 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Fidelity MSCI Consumer Discretionary Index ETF stock traded up $1.07 during midday trading on Friday, hitting $98.73. 54,707 shares of the company were exchanged, compared to its average volume of 95,784. The company’s fifty day moving average price is $101.61 and its 200-day moving average price is $100.21. The company has a market cap of $1.64 billion, a PE ratio of 25.42 and a beta of 1.23. Fidelity MSCI Consumer Discretionary Index ETF has a fifty-two week low of $89.95 and a fifty-two week high of $107.45.

About Fidelity MSCI Consumer Discretionary Index ETF

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.