Virtus Reaves Utilities ETF (NYSEARCA:UTES) Sees Large Growth in Short Interest

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 140,879 shares, a growth of 55.2% from the December 31st total of 90,771 shares. Based on an average daily volume of 214,263 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 214,263 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Virtus Reaves Utilities ETF

A number of institutional investors have recently bought and sold shares of UTES. Kingswood Wealth Advisors LLC increased its position in Virtus Reaves Utilities ETF by 5.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 31,699 shares of the company’s stock worth $2,503,000 after purchasing an additional 1,584 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Virtus Reaves Utilities ETF by 713.3% during the 4th quarter. Private Trust Co. NA now owns 3,416 shares of the company’s stock valued at $270,000 after buying an additional 2,996 shares during the last quarter. Fifth Third Securities Inc. grew its stake in shares of Virtus Reaves Utilities ETF by 45.9% in the 4th quarter. Fifth Third Securities Inc. now owns 80,683 shares of the company’s stock valued at $6,370,000 after buying an additional 25,394 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in Virtus Reaves Utilities ETF by 19.1% in the fourth quarter. Fiduciary Alliance LLC now owns 9,679 shares of the company’s stock worth $764,000 after buying an additional 1,550 shares during the last quarter. Finally, Valicenti Advisory Services Inc. raised its position in Virtus Reaves Utilities ETF by 1.9% during the fourth quarter. Valicenti Advisory Services Inc. now owns 41,795 shares of the company’s stock valued at $3,300,000 after acquiring an additional 795 shares in the last quarter.

Virtus Reaves Utilities ETF Trading Down 1.0%

UTES stock traded down $0.77 during midday trading on Friday, reaching $77.65. The company had a trading volume of 123,241 shares, compared to its average volume of 238,632. The company has a 50 day moving average of $79.65 and a two-hundred day moving average of $81.06. The company has a market capitalization of $1.44 billion, a P/E ratio of 20.34 and a beta of 0.73. Virtus Reaves Utilities ETF has a 1 year low of $57.24 and a 1 year high of $88.43.

About Virtus Reaves Utilities ETF

The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. UTES was launched on Sep 23, 2015 and is managed by Virtus.