Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 55.5% in March

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 147,360 shares, a growth of 55.5% from the February 26th total of 94,787 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 167,426 shares, the short-interest ratio is currently 0.9 days.

Fidelity MSCI Industrials Index ETF Stock Performance

FIDU stock opened at $85.15 on Friday. The firm has a fifty day moving average price of $90.85 and a 200 day moving average price of $85.37. Fidelity MSCI Industrials Index ETF has a fifty-two week low of $59.16 and a fifty-two week high of $95.82. The firm has a market cap of $1.60 billion, a PE ratio of 24.65 and a beta of 1.11.

Hedge Funds Weigh In On Fidelity MSCI Industrials Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Fidelity MSCI Industrials Index ETF by 51.2% during the 2nd 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 in the last quarter. Private Trust Co. NA bought a new position in shares of Fidelity MSCI Industrials Index ETF in the 3rd quarter valued at about $30,000. Aptus Capital Advisors LLC grew its position in Fidelity MSCI Industrials Index ETF by 945.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock worth $51,000 after acquiring an additional 558 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Fidelity MSCI Industrials Index ETF by 1,866.7% during the second quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock worth $73,000 after acquiring an additional 896 shares during the last quarter. Finally, First Horizon Corp bought a new stake in Fidelity MSCI Industrials Index ETF during the fourth quarter worth approximately $75,000.

Fidelity MSCI Industrials Index ETF Company Profile

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.