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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 76,796 shares, a growth of 163.0% from the December 31st total of 29,205 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 343,324 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 343,324 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Fidelity MSCI Utilities Index ETF Trading Down 0.3%

Shares of NYSEARCA FUTY traded down $0.15 during trading on Friday, reaching $56.07. The company had a trading volume of 210,263 shares, compared to its average volume of 312,673. Fidelity MSCI Utilities Index ETF has a twelve month low of $45.94 and a twelve month high of $60.56. The stock has a 50-day moving average price of $55.91 and a two-hundred day moving average price of $56.09. The stock has a market capitalization of $2.21 billion, a PE ratio of 20.34 and a beta of 0.61.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

A number of institutional investors have recently modified their holdings of the stock. Hilltop National Bank bought a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter valued at approximately $26,000. Briaud Financial Planning Inc acquired a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter worth approximately $30,000. ORG Partners LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $32,000. IMG Wealth Management Inc. acquired a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $34,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $39,000.

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.