Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Decline in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 20,245 shares, a decline of 82.7% from the August 15th total of 117,146 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 54,197 shares, the short-interest ratio is currently 0.4 days.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

Shares of NYSEARCA:FDIS traded up $1.09 during mid-day trading on Friday, reaching $98.75. 70,003 shares of the company were exchanged, compared to its average volume of 95,878. Fidelity MSCI Consumer Discretionary Index ETF has a 1 year low of $89.95 and a 1 year high of $107.45. The firm’s 50-day simple moving average is $101.53 and its 200 day simple moving average is $100.20. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 25.42 and a beta of 1.23.

Institutional Trading of Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDIS. Russell Investments Group Ltd. grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the third quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at $33,000. IFC & Insurance Marketing Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter valued at $35,000. Federation des caisses Desjardins du Quebec grew its stake in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock worth $41,000 after purchasing an additional 199 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Fidelity MSCI Consumer Discretionary Index ETF by 102.0% during the 4th quarter. Allworth Financial LP now owns 495 shares of the company’s stock worth $51,000 after purchasing an additional 250 shares in the last quarter.

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.