Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Significant Decrease in Short Interest

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 21,513 shares, a drop of 64.6% from the August 15th total of 60,695 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 103,604 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of FIDU stock traded up $1.04 during trading hours on Friday, reaching $91.58. The company had a trading volume of 90,816 shares, compared to its average volume of 115,225. The business has a fifty day moving average price of $95.70 and a 200-day moving average price of $93.86. Fidelity MSCI Industrials Index ETF has a one year low of $78.27 and a one year high of $100.00. The firm has a market cap of $2.22 billion, a PE ratio of 24.65 and a beta of 1.03.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of large investors have recently added to or reduced their stakes in FIDU. Royal Bank of Canada boosted its stake in shares of 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 buying an additional 1,853 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 12.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,735 shares of the company’s stock worth $256,000 after acquiring an additional 410 shares during the period. Jones Financial Companies Lllp increased its position in 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 acquiring an additional 5,737 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Fidelity MSCI Industrials Index ETF during the first quarter valued at $5,221,000. Finally, Jane Street Group LLC bought a new position in 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.