Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 91.0% in December

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 108,277 shares, a growth of 91.0% from the November 30th total of 56,702 shares. Based on an average daily trading volume, of 42,308 shares, the short-interest ratio is presently 2.6 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 42,308 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

A number of hedge funds have recently modified their holdings of FIDU. SYM FINANCIAL Corp bought a new stake in shares of Fidelity MSCI Industrials Index ETF during the 2nd quarter valued at about $28,000. PNC Financial Services Group Inc. grew its position in Fidelity MSCI Industrials Index ETF by 51.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Fidelity MSCI Industrials Index ETF during the second quarter valued at approximately $30,000. Private Trust Co. NA purchased a new position in shares of Fidelity MSCI Industrials Index ETF in the third quarter worth $30,000. Finally, MTM Investment Management LLC bought a new stake in shares of Fidelity MSCI Industrials Index ETF in the second quarter worth approximately $37,000.

Fidelity MSCI Industrials Index ETF Stock Performance

Fidelity MSCI Industrials Index ETF stock traded down $0.21 during mid-day trading on Friday, reaching $83.83. The company’s stock had a trading volume of 222,384 shares, compared to its average volume of 72,070. The firm’s fifty day moving average price is $82.11 and its two-hundred day moving average price is $80.55. Fidelity MSCI Industrials Index ETF has a 12-month low of $59.16 and a 12-month high of $84.60. The company has a market capitalization of $1.52 billion, a P/E ratio of 24.65 and a beta of 1.11.

Fidelity MSCI Industrials Index ETF Company Profile

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.