Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) Short Interest Up 94.7% in August

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 81,611 shares, an increase of 94.7% from the August 15th total of 41,917 shares. Based on an average daily volume of 118,497 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FSTA. Southern Capital Advisors LLC increased its stake in Fidelity MSCI Consumer Staples Index ETF by 664.6% in the first quarter. Southern Capital Advisors LLC now owns 63,603 shares of the exchange traded fund’s stock valued at $3,328,000 after purchasing an additional 55,284 shares during the last quarter. UBS Group AG lifted its position in shares of Fidelity MSCI Consumer Staples Index ETF by 26.7% during the 4th quarter. UBS Group AG now owns 68,662 shares of the exchange traded fund’s stock worth $3,377,000 after buying an additional 14,450 shares during the last quarter. Jacobs Equity LLC acquired a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the 4th quarter valued at $715,000. Bellwether Advisors LLC purchased a new position in shares of Fidelity MSCI Consumer Staples Index ETF in the 1st quarter valued at $5,798,000. Finally, Lido Advisors LLC raised its stake in Fidelity MSCI Consumer Staples Index ETF by 1.3% during the 1st quarter. Lido Advisors LLC now owns 1,358,767 shares of the exchange traded fund’s stock worth $71,104,000 after acquiring an additional 16,876 shares in the last quarter.

Fidelity MSCI Consumer Staples Index ETF Stock Down 0.8%

Fidelity MSCI Consumer Staples Index ETF stock traded down $0.43 during mid-day trading on Tuesday, reaching $52.64. 92,392 shares of the company’s stock were exchanged, compared to its average volume of 164,376. The company has a fifty day moving average of $53.57 and a 200-day moving average of $53.34. The company has a market cap of $1.39 billion, a P/E ratio of 22.37 and a beta of 0.49. Fidelity MSCI Consumer Staples Index ETF has a twelve month low of $47.88 and a twelve month high of $56.93.

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.