Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 90.7% in July

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 139,679 shares, an increase of 90.7% from the July 15th total of 73,246 shares. Based on an average daily volume of 79,335 shares, the short-interest ratio is currently 1.8 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Square LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter worth approximately $494,000. Compass Financial Management LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the second quarter valued at $333,000. Focus Financial Network Inc. lifted its position in shares of Fidelity MSCI Industrials Index ETF by 9.4% during the 2nd quarter. Focus Financial Network Inc. now owns 7,067 shares of the company’s stock valued at $704,000 after buying an additional 610 shares during the last quarter. Roxbury Financial LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 1.2% during the 2nd quarter. Roxbury Financial LLC now owns 14,605 shares of the company’s stock worth $1,455,000 after acquiring an additional 178 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Fidelity MSCI Industrials Index ETF by 47.3% during the 1st quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock worth $33,000 after acquiring an additional 123 shares during the period.

Fidelity MSCI Industrials Index ETF Price Performance

Shares of Fidelity MSCI Industrials Index ETF stock opened at $99.18 on Tuesday. The firm has a market cap of $2.40 billion, a PE ratio of 24.65 and a beta of 1.04. Fidelity MSCI Industrials Index ETF has a 1 year low of $78.27 and a 1 year high of $100.00. The stock has a fifty day moving average price of $96.94 and a 200-day moving average price of $93.66.

Fidelity MSCI Industrials Index ETF Company Profile

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.