Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Down 30.1% in January

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 36,384 shares, a decline of 30.1% from the December 31st total of 52,066 shares. Based on an average trading volume of 112,030 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 112,030 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake 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 worth $26,000 after acquiring an additional 128 shares during the period. Sound Income Strategies LLC lifted its position in shares of Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock worth $33,000 after buying an additional 159 shares in the last quarter. Larson Financial Group LLC bought a new position in Fidelity MSCI Consumer Discretionary Index ETF during the third quarter valued at approximately $33,000. Howe & Rusling Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF during the 2nd quarter valued at approximately $37,000. Finally, SYM FINANCIAL Corp bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 2nd quarter worth approximately $49,000.

Fidelity MSCI Consumer Discretionary Index ETF Trading Down 0.2%

FDIS opened at $103.56 on Friday. The company’s 50 day moving average is $103.59 and its 200 day moving average is $101.22. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 25.42 and a beta of 1.26. Fidelity MSCI Consumer Discretionary Index ETF has a 12-month low of $74.00 and a 12-month high of $107.45.

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.