Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Large Drop in Short Interest

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 34,043 shares, a decline of 68.6% from the December 15th total of 108,277 shares. Based on an average trading volume of 64,542 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 64,542 shares, the short-interest ratio is presently 0.5 days.

Fidelity MSCI Industrials Index ETF Stock Up 0.8%

NYSEARCA FIDU opened at $87.70 on Tuesday. The company has a market cap of $1.64 billion, a PE ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a 52 week low of $59.16 and a 52 week high of $87.71. The firm’s 50-day simple moving average is $82.58 and its two-hundred day simple moving average is $81.31.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Lido Advisors LLC lifted its position in shares of Fidelity MSCI Industrials Index ETF by 1.9% during the third quarter. Lido Advisors LLC now owns 1,736,585 shares of the company’s stock worth $142,296,000 after acquiring an additional 32,118 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Fidelity MSCI Industrials Index ETF by 12.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,051,799 shares of the company’s stock valued at $86,184,000 after purchasing an additional 117,011 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity MSCI Industrials Index ETF by 3.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock worth $74,604,000 after purchasing an additional 27,659 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Fidelity MSCI Industrials Index ETF by 23.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock worth $33,181,000 after purchasing an additional 77,068 shares during the period. Finally, AGF Management Ltd. boosted its stake in Fidelity MSCI Industrials Index ETF by 1.5% in the 2nd quarter. AGF Management Ltd. now owns 287,911 shares of the company’s stock worth $22,322,000 after purchasing an additional 4,250 shares during the period.

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.