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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 77,208 shares, a growth of 108.9% from the May 31st total of 36,956 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 333,909 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Several hedge funds have recently added to or reduced their stakes in FUTY. Bayban bought a new position in Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $30,000. First Horizon Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $42,000. Motiv8 Investments LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $75,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $101,000.

Fidelity MSCI Utilities Index ETF Stock Down 1.2%

FUTY stock opened at $57.73 on Thursday. Fidelity MSCI Utilities Index ETF has a twelve month low of $51.82 and a twelve month high of $61.51. The company has a market cap of $2.32 billion, a P/E ratio of 20.34 and a beta of 0.59. The business’s fifty day moving average is $58.07 and its 200-day moving average is $57.92.

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.