Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 90.7% in July

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 139,679 shares, a growth of 90.7% from the July 15th total of 73,246 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 79,335 shares, the short-interest ratio is currently 1.8 days.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of FIDU stock traded up $0.47 during trading hours on Friday, reaching $99.30. The company had a trading volume of 48,779 shares, compared to its average volume of 116,560. The stock has a fifty day moving average of $96.83 and a 200-day moving average of $93.55. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 24.65 and a beta of 1.04. Fidelity MSCI Industrials Index ETF has a 12-month low of $78.27 and a 12-month high of $100.00.

Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its holdings in shares of Fidelity MSCI Industrials Index ETF by 47.3% in the first quarter. Parallel Advisors LLC now owns 383 shares of the company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in Fidelity MSCI Industrials Index ETF by 945.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock valued at $51,000 after buying an additional 558 shares during the period. First Horizon Corp acquired a new position in shares of Fidelity MSCI Industrials Index ETF in the fourth quarter worth $75,000. JPMorgan Chase & Co. grew its stake in shares of Fidelity MSCI Industrials Index ETF by 1,866.7% in the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after acquiring an additional 896 shares in the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Fidelity MSCI Industrials Index ETF during the fourth quarter worth $82,000.

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.