Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Update
by Mitch Edgeman · The Markets DailyFidelity MSCI Industrials Index ETF (NYSEARCA:FIDU – Get Free Report) saw a large growth in short interest in 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. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 42,308 shares, the short-interest ratio is currently 2.6 days. Based on an average daily volume of 42,308 shares, the short-interest ratio is currently 2.6 days. Approximately 0.6% of the shares of the stock are sold short.
Fidelity MSCI Industrials Index ETF Price Performance
Fidelity MSCI Industrials Index ETF stock traded down $0.21 during mid-day trading on Friday, reaching $83.83. The company had a trading volume of 222,384 shares, compared to its average volume of 72,070. The stock’s 50-day simple moving average is $82.11 and its 200-day simple moving average is $80.55. 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 has a 1 year low of $59.16 and a 1 year high of $84.60.
Institutional Investors Weigh In On Fidelity MSCI Industrials Index ETF
Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Fidelity MSCI Industrials Index ETF by 51.2% in the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock valued at $29,000 after buying an additional 128 shares during the last quarter. Mcrae Capital Management Inc. raised its holdings in Fidelity MSCI Industrials Index ETF by 2.9% in the 3rd quarter. Mcrae Capital Management Inc. now owns 5,272 shares of the company’s stock valued at $432,000 after acquiring an additional 149 shares during the last quarter. Primoris Wealth Advisors LLC raised its holdings in Fidelity MSCI Industrials Index ETF by 2.0% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $625,000 after acquiring an additional 150 shares during the last quarter. Smith Salley Wealth Management lifted its stake in shares of Fidelity MSCI Industrials Index ETF by 0.5% during the 2nd quarter. Smith Salley Wealth Management now owns 30,934 shares of the company’s stock worth $2,398,000 after purchasing an additional 155 shares during the period. Finally, Trail Ridge Investment Advisors LLC boosted its holdings in shares of Fidelity MSCI Industrials Index ETF by 1.1% during the third quarter. Trail Ridge Investment Advisors LLC now owns 15,356 shares of the company’s stock worth $1,258,000 after purchasing an additional 171 shares during 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.