Short Interest in Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Increases By 90.7%

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 139,679 shares, an increase of 90.7% from the July 15th total of 73,246 shares. Based on an average daily volume of 79,335 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.6% of the shares of the company are sold short.

Fidelity MSCI Industrials Index ETF Stock Down 0.1%

NYSEARCA FIDU traded down $0.12 during trading on Monday, hitting $99.18. The company’s stock had a trading volume of 63,830 shares, compared to its average volume of 116,221. Fidelity MSCI Industrials Index ETF has a 52 week low of $78.27 and a 52 week high of $100.00. The firm has a market cap of $2.40 billion, a P/E ratio of 24.65 and a beta of 1.04. The firm has a 50 day moving average price of $96.83 and a 200 day moving average price of $93.58.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Fidelity MSCI Industrials Index ETF by 1.5% in the 1st quarter. Royal Bank of Canada now owns 122,003 shares of the company’s stock worth $8,354,000 after purchasing an additional 1,853 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Fidelity MSCI Industrials Index ETF by 12.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock valued at $256,000 after buying an additional 410 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Fidelity MSCI Industrials Index ETF by 135.0% during the first quarter. Jones Financial Companies Lllp now owns 9,987 shares of the company’s stock valued at $684,000 after buying an additional 5,737 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the first quarter valued at about $5,221,000. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the first quarter valued at about $752,000.

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.