Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Short Interest Down 68.3% in May

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 34,501 shares, a decline of 68.3% from the April 30th total of 108,730 shares. Based on an average daily trading volume, of 167,879 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity MSCI Consumer Staples Index ETF Price Performance

FSTA stock opened at $52.11 on Monday. Fidelity MSCI Consumer Staples Index ETF has a twelve month low of $47.88 and a twelve month high of $56.93. The stock has a market cap of $1.39 billion, a P/E ratio of 22.37 and a beta of 0.52. The business’s 50-day moving average price is $52.91 and its 200-day moving average price is $52.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,543,555 shares of the exchange traded fund’s stock worth $125,117,000 after purchasing an additional 167,871 shares in the last quarter. Lido Advisors LLC lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 1.3% in the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock worth $71,104,000 after purchasing an additional 16,876 shares in the last quarter. LPL Financial LLC lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 6.5% in the 4th quarter. LPL Financial LLC now owns 524,438 shares of the exchange traded fund’s stock worth $25,797,000 after purchasing an additional 31,965 shares in the last quarter. AGF Management Ltd. lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 10.2% in the 3rd quarter. AGF Management Ltd. now owns 468,321 shares of the exchange traded fund’s stock worth $23,341,000 after purchasing an additional 43,330 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Fidelity MSCI Consumer Staples Index ETF by 4.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 403,858 shares of the exchange traded fund’s stock worth $19,866,000 after purchasing an additional 17,373 shares in the last quarter.

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.