Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Significant Growth in Short Interest

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 93,995 shares, an increase of 83.2% from the June 30th total of 51,308 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 102,947 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allied Private Wealth LLC acquired a new position in Fidelity MSCI Consumer Staples Index ETF during the second quarter valued at approximately $60,000. Herbst Group LLC increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 1.5% during the 2nd quarter. Herbst Group LLC now owns 38,555 shares of the exchange traded fund’s stock worth $2,026,000 after purchasing an additional 552 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the 2nd quarter worth approximately $377,000. Bank of America Corp DE raised its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 8.3% during the 1st quarter. Bank of America Corp DE now owns 67,707 shares of the exchange traded fund’s stock worth $3,543,000 after purchasing an additional 5,205 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 4.9% in the 1st quarter. Arkadios Wealth Advisors now owns 70,811 shares of the exchange traded fund’s stock valued at $3,706,000 after buying an additional 3,293 shares during the last quarter.

Fidelity MSCI Consumer Staples Index ETF Price Performance

NYSEARCA:FSTA traded down $1.24 on Thursday, hitting $53.73. 45,102 shares of the company’s stock were exchanged, compared to its average volume of 171,865. The firm has a 50-day moving average price of $53.11 and a 200-day moving average price of $53.38. Fidelity MSCI Consumer Staples Index ETF has a 52 week low of $47.88 and a 52 week high of $56.93. The company has a market cap of $1.42 billion, a P/E ratio of 22.37 and a beta of 0.50.

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.