Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Decrease in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 20,245 shares, a decline of 82.7% from the August 15th total of 117,146 shares. Based on an average daily 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 Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 1.3% during the first quarter. Lido Advisors LLC now owns 1,503,754 shares of the company’s stock worth $140,240,000 after purchasing an additional 19,658 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,527 shares of the company’s stock valued at $127,243,000 after buying an additional 24,995 shares in the last quarter. Bank of America Corp DE raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 0.5% during the third quarter. Bank of America Corp DE now owns 928,498 shares of the company’s stock valued at $95,515,000 after buying an additional 4,720 shares in the last quarter. Bellwether Advisors LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 4th quarter worth approximately $20,424,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 21.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 156,287 shares of the company’s stock worth $15,966,000 after buying an additional 27,680 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 1.1%

Shares of Fidelity MSCI Consumer Discretionary Index ETF stock traded up $1.07 on Friday, hitting $98.73. 54,707 shares of the company’s stock traded hands, compared to its average volume of 95,784. The stock has a market cap of $1.64 billion, a P/E ratio of 25.42 and a beta of 1.23. The firm’s 50-day moving average is $101.61 and its 200 day moving average is $100.21. Fidelity MSCI Consumer Discretionary Index ETF has a 52-week low of $89.95 and a 52-week high of $107.45.

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.