Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Up 75.4% in June

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 112,643 shares, an increase of 75.4% from the June 15th total of 64,214 shares. Based on an average daily volume of 79,112 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the company’s shares are sold short.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

FDIS opened at $103.16 on Friday. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 25.42 and a beta of 1.23. The stock’s 50 day moving average price is $101.87 and its 200-day moving average price is $100.73. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $89.95 and a one year high of $107.45.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FDIS. Comerica Bank boosted its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 7.1% during the third quarter. Comerica Bank now owns 1,905 shares of the company’s stock valued at $196,000 after purchasing an additional 126 shares during the period. Russell Investments Group Ltd. boosted its position in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after buying an additional 128 shares during the period. Sound Income Strategies LLC grew its stake in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the 4th quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock worth $33,000 after acquiring an additional 159 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 3.3% during the first quarter. Centaurus Financial Inc. now owns 5,760 shares of the company’s stock worth $537,000 after acquiring an additional 184 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Fidelity MSCI Consumer Discretionary Index ETF by 2.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,022 shares of the company’s stock valued at $837,000 after acquiring an additional 195 shares in the last quarter.

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.