Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) Short Interest Up 22.2% in January

Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 44,461 shares, a growth of 22.2% from the January 15th total of 36,384 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 208,124 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 208,124 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity MSCI Consumer Discretionary Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position 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 worth $26,000 after acquiring an additional 128 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Fidelity MSCI Consumer Discretionary Index ETF by 103.9% during 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 last quarter. Larson Financial Group LLC acquired a new position in Fidelity MSCI Consumer Discretionary Index ETF in the third quarter valued at approximately $33,000. IFC & Insurance Marketing Inc. purchased a new position in Fidelity MSCI Consumer Discretionary Index ETF in the fourth quarter valued at approximately $35,000. Finally, Howe & Rusling Inc. acquired a new stake in Fidelity MSCI Consumer Discretionary Index ETF during the second quarter worth approximately $37,000.

Fidelity MSCI Consumer Discretionary Index ETF Stock Performance

Shares of NYSEARCA FDIS traded up $1.38 during midday trading on Wednesday, reaching $101.03. 10,995 shares of the stock were exchanged, compared to its average volume of 131,348. The stock has a market capitalization of $1.83 billion, a P/E ratio of 25.42 and a beta of 1.26. Fidelity MSCI Consumer Discretionary Index ETF has a twelve month low of $74.00 and a twelve month high of $107.45. The company has a 50 day simple moving average of $103.63 and a 200 day simple moving average of $101.71.

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.