Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Significant Growth in Short Interest

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 93,995 shares, a growth of 83.2% from the June 30th total of 51,308 shares. Based on an average trading volume of 102,947 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity MSCI Consumer Staples Index ETF

Hedge funds have recently bought and sold shares of the company. Allied Private Wealth LLC bought a new position in Fidelity MSCI Consumer Staples Index ETF during the second quarter worth about $60,000. Herbst Group LLC increased its position in Fidelity MSCI Consumer Staples Index ETF by 1.5% during the second quarter. Herbst Group LLC now owns 38,555 shares of the exchange traded fund’s stock worth $2,026,000 after buying an additional 552 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in Fidelity MSCI Consumer Staples Index ETF in the second quarter valued at approximately $377,000. Bank of America Corp DE raised its stake in Fidelity MSCI Consumer Staples Index ETF by 8.3% in the first quarter. Bank of America Corp DE now owns 67,707 shares of the exchange traded fund’s stock valued at $3,543,000 after buying an additional 5,205 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in Fidelity MSCI Consumer Staples Index ETF by 4.9% in the first quarter. Arkadios Wealth Advisors now owns 70,811 shares of the exchange traded fund’s stock valued at $3,706,000 after buying an additional 3,293 shares during the period.

Fidelity MSCI Consumer Staples Index ETF Trading Down 2.3%

Shares of FSTA traded down $1.24 during midday trading on Thursday, reaching $53.73. The stock had a trading volume of 45,102 shares, compared to its average volume of 171,865. The firm has a 50 day simple moving average of $53.11 and a 200-day simple moving average of $53.38. Fidelity MSCI Consumer Staples Index ETF has a one year low of $47.88 and a one year high of $56.93. The firm has a market cap of $1.42 billion, a PE ratio of 22.37 and a beta of 0.50.

About Fidelity MSCI Consumer Staples Index ETF

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.