Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Significant Increase in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 105,391 shares, an increase of 157.1% from the April 30th total of 40,998 shares. Based on an average trading volume of 79,512 shares, the short-interest ratio is currently 1.3 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors have recently modified their holdings of FDIS. Goldman Sachs Group Inc. purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the first quarter worth $1,585,000. Jane Street Group LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the first quarter valued at $2,351,000. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 136.1% during the second quarter. JPMorgan Chase & Co. now owns 1,072 shares of the company’s stock valued at $101,000 after purchasing an additional 618 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 9.0% during the second quarter. Raymond James Financial Inc. now owns 12,375 shares of the company’s stock valued at $1,164,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 69.7% during the second quarter. Ameriprise Financial Inc. now owns 71,296 shares of the company’s stock valued at $6,707,000 after purchasing an additional 29,277 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 0.9%

Shares of NYSEARCA FDIS traded down $0.98 during trading on Friday, reaching $104.29. The company had a trading volume of 67,905 shares, compared to its average volume of 106,661. Fidelity MSCI Consumer Discretionary Index ETF has a 12-month low of $89.95 and a 12-month high of $107.45. The stock has a market cap of $1.81 billion, a PE ratio of 25.42 and a beta of 1.25. The business’s 50-day moving average is $99.10 and its 200 day moving average is $100.67.

About Fidelity MSCI Consumer Discretionary Index ETF

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.