Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Update

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 49,283 shares, a drop of 53.2% from the May 14th total of 105,391 shares. Based on an average daily trading volume, of 82,562 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Fidelity MSCI Consumer Discretionary Index ETF Stock Up 1.2%

Shares of FDIS stock traded up $1.24 during trading hours on Monday, hitting $103.21. 102,559 shares of the company’s stock traded hands, compared to its average volume of 110,352. The stock’s 50 day simple moving average is $100.94 and its 200 day simple moving average is $100.90. The stock has a market cap of $1.80 billion, a PE ratio of 25.42 and a beta of 1.23. Fidelity MSCI Consumer Discretionary Index ETF has a 12 month low of $89.95 and a 12 month high of $107.45.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the third quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock worth $26,000 after buying an additional 128 shares during the last quarter. Sound Income Strategies LLC increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the fourth quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock valued at $33,000 after purchasing an additional 159 shares in the last quarter. Larson Financial Group LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at $33,000. IFC & Insurance Marketing Inc. bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter valued at $35,000. Finally, Federation des caisses Desjardins du Quebec increased its stake in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares in the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Company Profile

The Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of stocks in the US consumer discretionary sector. FDIS was launched on Oct 21, 2013 and is managed by Fidelity.