Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 316.8% in January

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 141,897 shares, a growth of 316.8% from the December 31st total of 34,043 shares. Based on an average trading volume of 92,391 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 92,391 shares, the short-interest ratio is presently 1.5 days.

Fidelity MSCI Industrials Index ETF Stock Down 0.5%

NYSEARCA FIDU traded down $0.45 on Wednesday, reaching $88.46. The company had a trading volume of 6,342 shares, compared to its average volume of 90,027. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a 52 week low of $59.16 and a 52 week high of $90.08. The stock’s 50 day moving average is $84.26 and its 200-day moving average is $82.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIDU. Lido Advisors LLC lifted its holdings in shares of Fidelity MSCI Industrials Index ETF by 1.9% during the 3rd quarter. Lido Advisors LLC now owns 1,736,585 shares of the company’s stock valued at $142,296,000 after purchasing an additional 32,118 shares in the last quarter. AE Wealth Management LLC grew its position in Fidelity MSCI Industrials Index ETF by 24.3% in the fourth quarter. AE Wealth Management LLC now owns 1,307,516 shares of the company’s stock valued at $107,844,000 after purchasing an additional 255,717 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Industrials Index ETF by 3.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock valued at $74,604,000 after buying an additional 27,659 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Fidelity MSCI Industrials Index ETF by 23.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 404,939 shares of the company’s stock worth $33,181,000 after buying an additional 77,068 shares in the last quarter. Finally, AGF Management Ltd. lifted its position in Fidelity MSCI Industrials Index ETF by 1.5% during the 2nd quarter. AGF Management Ltd. now owns 287,911 shares of the company’s stock worth $22,322,000 after buying an additional 4,250 shares in the last quarter.

Fidelity MSCI Industrials Index ETF Company Profile

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.