Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 76,796 shares, a growth of 163.0% from the December 31st total of 29,205 shares. Based on an average daily volume of 343,324 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 343,324 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Fidelity MSCI Utilities Index ETF
Hedge funds have recently modified their holdings of the business. Hilltop National Bank purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter valued at $26,000. Briaud Financial Planning Inc purchased a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at about $30,000. ORG Partners LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $32,000. IMG Wealth Management Inc. purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the second quarter worth approximately $34,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $39,000.
Fidelity MSCI Utilities Index ETF Price Performance
NYSEARCA FUTY traded down $0.15 on Friday, hitting $56.07. 210,263 shares of the company were exchanged, compared to its average volume of 312,673. Fidelity MSCI Utilities Index ETF has a twelve month low of $45.94 and a twelve month high of $60.56. The firm has a market capitalization of $2.21 billion, a P/E ratio of 20.34 and a beta of 0.61. The company’s 50 day moving average price is $55.91 and its 200-day moving average price is $56.09.
Fidelity MSCI Utilities Index ETF Company Profile
The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is based on the MSCI USA IMI Utilities 25\u002F50 index. The fund tracks the MSCI US IMI Utilities 25\u002F50 Index, a market-cap-weighted index of stocks in the US utilities sector. FUTY was launched on Oct 21, 2013 and is managed by Fidelity.
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