Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Down 27.2% in December

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 90,771 shares, a decrease of 27.2% from the December 15th total of 124,700 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 153,890 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 153,890 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Virtus Reaves Utilities ETF

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Virtus Reaves Utilities ETF during the third quarter valued at approximately $28,000. Private Trust Co. NA grew its stake in Virtus Reaves Utilities ETF by 80.1% during the second quarter. Private Trust Co. NA now owns 843 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new stake in Virtus Reaves Utilities ETF in the 2nd quarter valued at $71,000. Highline Wealth Partners LLC lifted its stake in Virtus Reaves Utilities ETF by 9.2% in the 2nd quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock worth $180,000 after purchasing an additional 200 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Virtus Reaves Utilities ETF during the 3rd quarter valued at about $186,000.

Virtus Reaves Utilities ETF Price Performance

Shares of UTES stock traded down $2.69 on Friday, hitting $79.53. 331,876 shares of the stock traded hands, compared to its average volume of 224,916. Virtus Reaves Utilities ETF has a 52 week low of $57.24 and a 52 week high of $88.43. The firm has a 50 day simple moving average of $80.34 and a two-hundred day simple moving average of $80.87. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 20.34 and a beta of 0.73.

About Virtus Reaves Utilities ETF

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.