Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA – Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 41,984 shares, a decline of 45.6% from the December 31st total of 77,163 shares. Based on an average daily volume of 199,830 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 199,830 shares, the short-interest ratio is currently 0.2 days.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

NYSEARCA:FSTA traded up $0.68 during mid-day trading on Friday, hitting $52.86. 192,894 shares of the stock were exchanged, compared to its average volume of 200,190. The firm’s 50-day simple moving average is $50.44 and its 200 day simple moving average is $50.42. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.37 and a beta of 0.56. Fidelity MSCI Consumer Staples Index ETF has a fifty-two week low of $47.45 and a fifty-two week high of $52.96.

Hedge Funds Weigh In On Fidelity MSCI Consumer Staples Index ETF

Several hedge funds have recently bought and sold shares of FSTA. Osaic Holdings Inc. lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 66.0% during the 2nd quarter. Osaic Holdings Inc. now owns 430,477 shares of the exchange traded fund’s stock worth $22,035,000 after buying an additional 171,111 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity MSCI Consumer Staples Index ETF by 60.9% in the third quarter. Envestnet Asset Management Inc. now owns 363,019 shares of the exchange traded fund’s stock worth $18,093,000 after acquiring an additional 137,407 shares in the last quarter. Two Sigma Investments LP lifted its position in Fidelity MSCI Consumer Staples Index ETF by 1,658.1% in the 3rd quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock valued at $6,484,000 after acquiring an additional 122,700 shares in the last quarter. Assetmark Inc. lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 926.4% during the second quarter. Assetmark Inc. now owns 111,090 shares of the exchange traded fund’s stock valued at $5,682,000 after purchasing an additional 100,267 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter worth about $4,679,000.

Fidelity MSCI Consumer Staples Index ETF Company Profile

(Get Free Report)

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.

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