Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Significant Decrease in Short Interest

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 21,513 shares, a decline of 64.6% from the August 15th total of 60,695 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 103,604 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Industrials Index ETF Stock Performance

Shares of NYSEARCA FIDU traded up $1.04 during midday trading on Friday, hitting $91.58. 90,816 shares of the company’s stock traded hands, compared to its average volume of 115,225. Fidelity MSCI Industrials Index ETF has a 1 year low of $78.27 and a 1 year high of $100.00. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 24.65 and a beta of 1.03. The firm has a fifty day moving average of $95.70 and a 200 day moving average of $93.86.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Several large investors have recently added to or reduced their stakes in FIDU. Northwestern Mutual Wealth Management Co. raised its position in Fidelity MSCI Industrials Index ETF by 3.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 910,474 shares of the company’s stock worth $74,604,000 after acquiring an additional 27,659 shares during the period. Bellwether Advisors LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF during the 4th quarter valued at $15,898,000. Sanctuary Advisors LLC grew its position in shares of Fidelity MSCI Industrials Index ETF by 4.8% during the 1st quarter. Sanctuary Advisors LLC now owns 182,270 shares of the company’s stock valued at $15,770,000 after acquiring an additional 8,351 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Fidelity MSCI Industrials Index ETF by 5,801.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 161,332 shares of the company’s stock worth $13,219,000 after purchasing an additional 158,598 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Fidelity MSCI Industrials Index ETF by 13.6% in the 1st quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock worth $12,312,000 after purchasing an additional 16,992 shares in the last quarter.

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.