Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Down 30.1% in January

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 36,384 shares, a decline of 30.1% from the December 31st total of 52,066 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 112,030 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 112,030 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity MSCI Consumer Discretionary Index ETF Trading Down 0.2%

FDIS opened at $103.56 on Friday. The company has a 50 day moving average of $103.59 and a 200 day moving average of $101.22. Fidelity MSCI Consumer Discretionary Index ETF has a 12 month low of $74.00 and a 12 month high of $107.45. The company has a market cap of $1.97 billion, a PE ratio of 25.42 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted 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 acquiring an additional 128 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% during the 4th quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after acquiring an additional 159 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF during the 3rd quarter valued at about $33,000. Howe & Rusling Inc. bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the second quarter worth approximately $37,000. Finally, SYM FINANCIAL Corp bought a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the second quarter worth approximately $49,000.

About Fidelity MSCI Consumer Discretionary Index ETF

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.