Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Large Decline in Short Interest

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 47,186 shares, a decrease of 38.6% from the January 15th total of 76,796 shares. Based on an average trading volume of 282,266 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 282,266 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Roman Butler Fullerton & Co. purchased a new position in Fidelity MSCI Utilities Index ETF in the third quarter worth about $1,171,000. Avalon Trust Co purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter worth $242,000. AlphaCore Capital LLC purchased a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at approximately $486,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 44.7% in the second quarter. J.W. Cole Advisors Inc. now owns 23,984 shares of the company’s stock worth $1,262,000 after buying an additional 7,406 shares in the last quarter. Finally, Independence Financial Advisors LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 2,625.7% in the 3rd quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after acquiring an additional 185,792 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Stock Up 2.6%

FUTY traded up $1.55 during midday trading on Friday, hitting $60.05. 371,638 shares of the company were exchanged, compared to its average volume of 311,428. Fidelity MSCI Utilities Index ETF has a 1-year low of $45.94 and a 1-year high of $60.56. The firm’s 50 day moving average price is $55.74 and its 200-day moving average price is $56.25. The firm has a market capitalization of $2.38 billion, a P/E ratio of 20.34 and a beta of 0.61.

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.