Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Large Decrease in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 40,998 shares, a drop of 56.6% from the April 15th total of 94,564 shares. Based on an average daily volume of 119,013 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FDIS. Russell Investments Group Ltd. grew its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF by 99.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% in the 4th quarter. Sound Income Strategies LLC now owns 312 shares of the company’s stock worth $33,000 after acquiring an additional 159 shares during the last quarter. Larson Financial Group LLC bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 3rd quarter worth $33,000. IFC & Insurance Marketing Inc. bought a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the 4th quarter worth $35,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Fidelity MSCI Consumer Discretionary Index ETF by 100.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 398 shares of the company’s stock worth $41,000 after acquiring an additional 199 shares during the last quarter.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

Shares of FDIS stock traded down $1.94 on Friday, hitting $99.87. 141,996 shares of the company’s stock traded hands, compared to its average volume of 108,998. Fidelity MSCI Consumer Discretionary Index ETF has a one year low of $89.95 and a one year high of $107.45. The company’s fifty day simple moving average is $97.95 and its 200 day simple moving average is $100.64. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 25.42 and a beta of 1.25.

About Fidelity MSCI Consumer Discretionary Index ETF

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.