Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Large Drop in Short Interest

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 128,215 shares, a decrease of 35.5% from the September 15th total of 198,742 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 276,602 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the first quarter worth approximately $5,798,000. Southern Capital Advisors LLC increased its position in Fidelity MSCI Consumer Staples Index ETF by 664.6% during the 1st quarter. Southern Capital Advisors LLC now owns 63,603 shares of the exchange traded fund’s stock worth $3,328,000 after buying an additional 55,284 shares during the period. Marotta Asset Management lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 17.3% during the third quarter. Marotta Asset Management now owns 258,975 shares of the exchange traded fund’s stock worth $13,166,000 after buying an additional 38,246 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 652.4% during the first quarter. Beaumont Financial Advisors LLC now owns 36,693 shares of the exchange traded fund’s stock worth $1,920,000 after buying an additional 31,816 shares in the last quarter. Finally, Atlas Brown Inc. acquired a new stake in shares of Fidelity MSCI Consumer Staples Index ETF during the third quarter worth $1,291,000.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

Shares of FSTA opened at $54.76 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 22.37 and a beta of 0.49. Fidelity MSCI Consumer Staples Index ETF has a 52 week low of $47.88 and a 52 week high of $56.93. The firm’s 50-day simple moving average is $52.96 and its 200 day simple moving average is $53.08.

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.