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

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 193,761 shares, an increase of 44.3% from the February 26th total of 134,231 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 236,532 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FSTA. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF during the 4th quarter worth about $26,000. IFC & Insurance Marketing Inc. acquired a new stake in Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at about $28,000. Deutsche Bank AG bought a new position in Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth about $38,000. Mcguire Capital Advisors Inc. bought a new position in Fidelity MSCI Consumer Staples Index ETF during the fourth quarter worth about $49,000. Finally, Farther Finance Advisors LLC increased its position in Fidelity MSCI Consumer Staples Index ETF by 140.6% during the third quarter. Farther Finance Advisors LLC now owns 1,025 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 599 shares during the last quarter.

Fidelity MSCI Consumer Staples Index ETF Stock Up 0.4%

Shares of NYSEARCA:FSTA traded up $0.23 during midday trading on Monday, hitting $52.23. The stock had a trading volume of 278,383 shares, compared to its average volume of 223,348. The company has a market cap of $1.37 billion, a P/E ratio of 22.37 and a beta of 0.56. Fidelity MSCI Consumer Staples Index ETF has a 12 month low of $47.45 and a 12 month high of $56.93. The business’s 50-day simple moving average is $54.10 and its 200-day simple moving average is $51.32.

Fidelity MSCI Consumer Staples Index ETF Company Profile

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.