Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Down 37.8% in December

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 124,700 shares, a decline of 37.8% from the November 30th total of 200,641 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 167,234 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 167,234 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Virtus Reaves Utilities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UTES. JPMorgan Chase & Co. acquired a new stake in Virtus Reaves Utilities ETF during the 3rd quarter valued at $225,482,000. Valicenti Advisory Services Inc. purchased a new position in shares of Virtus Reaves Utilities ETF during the third quarter valued at $3,421,000. Transcendent Capital Group LLC acquired a new position in Virtus Reaves Utilities ETF during the third quarter valued at $1,866,000. Fifth Third Securities Inc. raised its position in Virtus Reaves Utilities ETF by 105.7% during the second quarter. Fifth Third Securities Inc. now owns 38,950 shares of the company’s stock valued at $2,945,000 after buying an additional 20,016 shares during the period. Finally, Fiduciary Alliance LLC purchased a new stake in Virtus Reaves Utilities ETF in the 3rd quarter worth about $678,000.

Virtus Reaves Utilities ETF Stock Performance

Shares of UTES remained flat at $79.48 during midday trading on Monday. 190,501 shares of the company’s stock traded hands, compared to its average volume of 173,622. Virtus Reaves Utilities ETF has a one year low of $57.24 and a one year high of $88.43. The stock’s fifty day moving average price is $81.66 and its 200-day moving average price is $80.44. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.34 and a beta of 0.73.

Virtus Reaves Utilities ETF Company Profile

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.