Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Sees Significant Drop in Short Interest

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 17,696 shares, a decrease of 68.0% from the September 30th total of 55,339 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 153,502 shares, the short-interest ratio is presently 0.1 days.

Fidelity MSCI Industrials Index ETF Price Performance

FIDU traded down $1.44 on Friday, reaching $88.76. 89,094 shares of the company’s stock were exchanged, compared to its average volume of 143,059. Fidelity MSCI Industrials Index ETF has a twelve month low of $78.27 and a twelve month high of $100.00. The stock has a market cap of $2.27 billion, a PE ratio of 24.65 and a beta of 1.03. The stock’s fifty day moving average price is $90.63 and its 200-day moving average price is $92.66.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FIDU. Hanseatic Management Services Inc. purchased a new position in shares of Fidelity MSCI Industrials Index ETF during the 3rd quarter worth $2,185,000. Signal Advisors Wealth LLC increased its position in Fidelity MSCI Industrials Index ETF by 203.6% during the third quarter. Signal Advisors Wealth LLC now owns 35,294 shares of the company’s stock worth $3,126,000 after purchasing an additional 23,668 shares during the last quarter. Fifth Third Securities Inc. purchased a new position in Fidelity MSCI Industrials Index ETF during the third quarter worth about $1,974,000. Kestra Advisory Services LLC raised its stake in Fidelity MSCI Industrials Index ETF by 23.2% during the first quarter. Kestra Advisory Services LLC now owns 104,956 shares of the company’s stock worth $9,081,000 after purchasing an additional 19,785 shares during the period. Finally, Bank of America Corp DE raised its stake in Fidelity MSCI Industrials Index ETF by 13.6% during the first quarter. Bank of America Corp DE now owns 142,307 shares of the company’s stock worth $12,312,000 after purchasing an additional 16,992 shares during the period.

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.