Short Interest in Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Expands By 122.5%

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 114,600 shares, agrowthof122.5% from the July 15th total of 51,500 shares. Approximately0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 113,600 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 113,600 shares, the short-interest ratio is presently 1.0 days. Approximately0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSTA. Janney Montgomery Scott LLC grew its position in shares of Fidelity MSCI Consumer Staples Index ETF by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 5,045 shares of the exchange traded fund’s stock valued at $258,000 after purchasing an additional 209 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Fidelity MSCI Consumer Staples Index ETF by 61.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 687 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 261 shares during the last quarter. Allworth Financial LP grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 10.3% in the 1st quarter. Allworth Financial LP now owns 2,819 shares of the exchange traded fund’s stock valued at $144,000 after buying an additional 263 shares during the period. GSB Wealth Management LLC grew its holdings in Fidelity MSCI Consumer Staples Index ETF by 3.7% in the 1st quarter. GSB Wealth Management LLC now owns 7,542 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 271 shares during the period. Finally, Soltis Investment Advisors LLC increased its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 3.4% during the 2nd quarter. Soltis Investment Advisors LLC now owns 8,376 shares of the exchange traded fund’s stock valued at $428,000 after acquiring an additional 273 shares during the last quarter.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

Shares of NYSEARCA FSTA opened at $51.71 on Tuesday. The firm has a market cap of $1.36 billion, a P/E ratio of 22.37 and a beta of 0.60. Fidelity MSCI Consumer Staples Index ETF has a 1 year low of $47.45 and a 1 year high of $52.96. The firm’s 50 day moving average price is $51.27 and its 200 day moving average price is $51.18.

Fidelity MSCI Consumer Staples Index ETF Company Profile

The Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Staples 25\u002F50 index, a market-cap-weighted index of US consumer staples companies across the entire market-cap spectrum. FSTA was launched on Oct 21, 2013 and is managed by Fidelity.