Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Short Interest Update

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

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

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

Fidelity MSCI Consumer Staples Index ETF Stock Performance

Shares of NYSEARCA FSTA traded down $0.25 during midday trading on Friday, hitting $53.66. 127,623 shares of the company’s stock traded hands, compared to its average volume of 172,533. The firm has a fifty day moving average of $53.12 and a 200 day moving average of $53.41. Fidelity MSCI Consumer Staples Index ETF has a 1 year low of $47.88 and a 1 year high of $56.93. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.37 and a beta of 0.50.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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.