Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 21,513 shares, a decrease of 64.6% from the August 15th total of 60,695 shares. Based on an average daily trading volume, of 103,604 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF
Several institutional investors have recently made changes to their positions in FIDU. Bellwether Advisors LLC purchased a new stake in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter worth about $15,898,000. Mach 1 Financial Group LLC purchased a new stake in Fidelity MSCI Industrials Index ETF during the 4th quarter worth approximately $2,224,000. Thrivent Financial for Lutherans increased its stake in Fidelity MSCI Industrials Index ETF by 15.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 103,159 shares of the company’s stock worth $8,533,000 after buying an additional 14,025 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter valued at approximately $2,980,000. Finally, Compound Planning Inc. acquired a new position in shares of Fidelity MSCI Industrials Index ETF during the first quarter valued at approximately $1,112,000.
Fidelity MSCI Industrials Index ETF Price Performance
NYSEARCA:FIDU opened at $90.23 on Tuesday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 24.65 and a beta of 1.03. The company’s fifty day moving average price is $95.52 and its 200-day moving average price is $93.82. Fidelity MSCI Industrials Index ETF has a 1-year low of $78.27 and a 1-year high of $100.00.
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.
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