Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Update

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 155,264 shares, an increase of 229.0% from the January 29th total of 47,186 shares. Based on an average daily volume of 308,832 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 308,832 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at $30,000. Atlantic Union Bankshares Corp purchased a new stake in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth $39,000. First Horizon Corp bought a new stake in Fidelity MSCI Utilities Index ETF during the fourth quarter valued at about $42,000. Motiv8 Investments LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $75,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 46.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,723 shares of the company’s stock worth $95,000 after acquiring an additional 544 shares during the period.

Fidelity MSCI Utilities Index ETF Stock Down 0.4%

NYSEARCA:FUTY traded down $0.24 during mid-day trading on Thursday, hitting $60.82. 104,924 shares of the company traded hands, compared to its average volume of 303,420. The stock’s fifty day moving average price is $56.55 and its 200-day moving average price is $56.56. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $61.11. The firm has a market cap of $2.41 billion, a price-to-earnings 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.