Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Sees Significant Increase in Short Interest

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 105,391 shares, an increase of 157.1% from the April 30th total of 40,998 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 79,512 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in Fidelity MSCI Consumer Discretionary Index ETF by 99.2% in the third quarter. Russell Investments Group Ltd. now owns 257 shares of the company’s stock worth $26,000 after purchasing an additional 128 shares during the period. Sound Income Strategies LLC grew 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 worth $33,000 after purchasing an additional 159 shares during the period. Larson Financial Group LLC purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter worth $33,000. IFC & Insurance Marketing Inc. purchased a new stake in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter worth $35,000. Finally, Federation des caisses Desjardins du Quebec grew 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 worth $41,000 after purchasing an additional 199 shares during the period.

Fidelity MSCI Consumer Discretionary Index ETF Price Performance

FDIS stock traded down $0.98 during midday trading on Friday, hitting $104.29. The stock had a trading volume of 67,905 shares, compared to its average volume of 106,661. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 25.42 and a beta of 1.25. The business has a 50-day moving average of $99.10 and a two-hundred day moving average of $100.67. Fidelity MSCI Consumer Discretionary Index ETF has a 52-week low of $89.95 and a 52-week high of $107.45.

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.