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

Fidelity MSCI Consumer Staples Index ETF (NYSEARCA:FSTA) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 77,163 shares, a drop of 29.9% from the December 15th total of 110,077 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 151,021 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 151,021 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of Fidelity MSCI Consumer Staples Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in shares of Fidelity MSCI Consumer Staples Index ETF by 66.0% in the second quarter. Osaic Holdings Inc. now owns 430,477 shares of the exchange traded fund’s stock valued at $22,035,000 after buying an additional 171,111 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity MSCI Consumer Staples Index ETF by 60.9% during the third quarter. Envestnet Asset Management Inc. now owns 363,019 shares of the exchange traded fund’s stock worth $18,093,000 after acquiring an additional 137,407 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Fidelity MSCI Consumer Staples Index ETF by 1,658.1% in the 3rd quarter. Two Sigma Investments LP now owns 130,100 shares of the exchange traded fund’s stock worth $6,484,000 after acquiring an additional 122,700 shares during the last quarter. Assetmark Inc. lifted its position in Fidelity MSCI Consumer Staples Index ETF by 926.4% in the 2nd quarter. Assetmark Inc. now owns 111,090 shares of the exchange traded fund’s stock valued at $5,682,000 after acquiring an additional 100,267 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in Fidelity MSCI Consumer Staples Index ETF in the 3rd quarter valued at about $4,679,000.

Fidelity MSCI Consumer Staples Index ETF Stock Performance

FSTA traded down $0.06 on Monday, reaching $52.03. The company had a trading volume of 277,980 shares, compared to its average volume of 206,889. The stock has a market cap of $1.38 billion, a P/E ratio of 22.37 and a beta of 0.56. Fidelity MSCI Consumer Staples Index ETF has a fifty-two week low of $47.45 and a fifty-two week high of $52.96. The company’s fifty day moving average is $49.76 and its 200 day moving average is $50.34.

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.