Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Update

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 45,789 shares, a decrease of 67.5% from the January 15th total of 140,879 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 263,084 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 263,084 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UTES. JPMorgan Chase & Co. increased its position in shares of Virtus Reaves Utilities ETF by 25.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,377,998 shares of the company’s stock worth $266,693,000 after acquiring an additional 675,679 shares in the last quarter. Fifth Third Securities Inc. lifted its position in 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 acquiring an additional 25,394 shares in the last quarter. Steel Grove Capital Advisors LLC boosted its stake in Virtus Reaves Utilities ETF by 11.7% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 43,280 shares of the company’s stock valued at $3,417,000 after purchasing an additional 4,530 shares during the last quarter. Valicenti Advisory Services Inc. increased its holdings in Virtus Reaves Utilities ETF by 1.9% during the 4th quarter. Valicenti Advisory Services Inc. now owns 41,795 shares of the company’s stock worth $3,300,000 after purchasing an additional 795 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Virtus Reaves Utilities ETF by 5.3% in the fourth 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.

Virtus Reaves Utilities ETF Price Performance

Shares of NYSEARCA:UTES traded up $0.30 during trading on Wednesday, reaching $79.24. 68,313 shares of the stock were exchanged, compared to its average volume of 264,255. Virtus Reaves Utilities ETF has a 1-year low of $57.24 and a 1-year high of $88.43. The stock has a fifty day moving average of $78.82 and a two-hundred day moving average of $81.09. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 20.34 and a beta of 0.73.

Virtus Reaves Utilities ETF Company Profile

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.