Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Up 114.5% in August

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 117,146 shares, a growth of 114.5% from the July 30th total of 54,602 shares. Based on an average daily volume of 68,666 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the company are short sold.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Shares of NYSEARCA FDIS opened at $102.29 on Monday. The business has a 50-day moving average price of $101.86 and a 200 day moving average price of $100.23. The stock has a market cap of $1.70 billion, a PE ratio of 25.42 and a beta of 1.23. Fidelity MSCI Consumer Discretionary Index ETF has a 52-week low of $89.95 and a 52-week high of $107.45.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several large investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after acquiring an additional 128 shares during the period. Larson Financial Group LLC purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter worth $33,000. IFC & Insurance Marketing Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter worth $35,000. Federation des caisses Desjardins du Quebec grew its position in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock worth $41,000 after purchasing an additional 199 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 102.0% in the fourth quarter. Allworth Financial LP now owns 495 shares of the company’s stock valued at $51,000 after purchasing an additional 250 shares during the period.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.