Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Down 53.8% in July

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 73,246 shares, a decrease of 53.8% from the June 30th total of 158,689 shares. Based on an average daily volume of 105,047 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of FIDU traded down $0.49 during midday trading on Tuesday, hitting $96.59. 176,811 shares of the stock were exchanged, compared to its average volume of 120,141. Fidelity MSCI Industrials Index ETF has a 52-week low of $78.16 and a 52-week high of $100.00. The stock has a fifty day simple moving average of $95.78 and a 200 day simple moving average of $92.67. The firm has a market cap of $2.34 billion, a P/E ratio of 24.65 and a beta of 1.03.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Several hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC grew its position in Fidelity MSCI Industrials Index ETF by 24.3% in the 4th quarter. AE Wealth Management LLC now owns 1,307,516 shares of the company’s stock valued at $107,844,000 after acquiring an additional 255,717 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter worth about $15,898,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Fidelity MSCI Industrials Index ETF by 5,801.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 161,332 shares of the company’s stock worth $13,219,000 after purchasing an additional 158,598 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Fidelity MSCI Industrials Index ETF in the first quarter valued at approximately $5,221,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Fidelity MSCI Industrials Index ETF by 184.2% in the first quarter. Kestra Private Wealth Services LLC now owns 95,802 shares of the company’s stock valued at $8,289,000 after purchasing an additional 62,098 shares during the period.

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.