Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Significant Drop in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 40,998 shares, a decline of 56.6% from the April 15th total of 94,564 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 119,013 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several institutional investors have recently made changes to their positions in FDIS. Russell Investments Group Ltd. grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during 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 during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 103.9% during the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after purchasing an additional 159 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. bought a new position in shares of Fidelity MSCI Consumer Discretionary Index ETF during the fourth quarter valued at approximately $35,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 100.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Down 1.9%

Shares of NYSEARCA:FDIS traded down $1.94 during trading on Friday, hitting $99.87. 141,996 shares of the company traded hands, compared to its average volume of 108,998. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 25.42 and a beta of 1.25. The business’s fifty day moving average is $97.95 and its 200-day moving average is $100.64. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $89.95 and a one year high of $107.45.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

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.