Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) Short Interest Up 55.5% in March

Fidelity MSCI Industrials Index ETF (NYSEARCA:FIDU) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 147,360 shares, a growth of 55.5% from the February 26th total of 94,787 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 167,426 shares, the short-interest ratio is presently 0.9 days.

Fidelity MSCI Industrials Index ETF Price Performance

Shares of FIDU opened at $85.15 on Friday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.65 and a beta of 1.11. Fidelity MSCI Industrials Index ETF has a 1-year low of $59.16 and a 1-year high of $95.82. The company has a 50-day moving average of $90.85 and a 200 day moving average of $85.37.

Institutional Trading of Fidelity MSCI Industrials Index ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Trust Co. NA purchased a new stake in shares of Fidelity MSCI Industrials Index ETF in the third quarter valued at approximately $30,000. PNC Financial Services Group Inc. grew its stake in Fidelity MSCI Industrials Index ETF by 51.2% in the second quarter. PNC Financial Services Group Inc. now owns 378 shares of the company’s stock worth $29,000 after purchasing an additional 128 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in Fidelity MSCI Industrials Index ETF by 945.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 617 shares of the company’s stock worth $51,000 after purchasing an additional 558 shares during the period. First Horizon Corp purchased a new position in Fidelity MSCI Industrials Index ETF during the 4th quarter worth $75,000. Finally, JPMorgan Chase & Co. raised its position in Fidelity MSCI Industrials Index ETF by 1,866.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 944 shares of the company’s stock valued at $73,000 after purchasing an additional 896 shares in the last quarter.

About Fidelity MSCI Industrials Index ETF

The Fidelity MSCI Industrials Index ETF (FIDU) is an exchange-traded fund that is based on the MSCI USA IMI Industrials 25\u002F25 index, a market-cap-weighted index of stocks in the broad US industrials sector. FIDU was launched on Oct 21, 2013 and is managed by Fidelity.