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

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

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

Hedge funds have recently modified their holdings of the company. Orion Porfolio Solutions LLC raised its position in shares of Fidelity MSCI Utilities Index ETF by 1,318.8% in the second quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock valued at $24,833,000 after buying an additional 438,842 shares during the last quarter. AE Wealth Management LLC grew its stake in Fidelity MSCI Utilities Index ETF by 31.6% in the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock worth $75,727,000 after acquiring an additional 329,549 shares during the period. Bank of America Corp DE raised its holdings in Fidelity MSCI Utilities Index ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock valued at $513,018,000 after acquiring an additional 289,161 shares during the last quarter. Independence Financial Advisors LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 2,625.7% during the 3rd quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock worth $10,891,000 after purchasing an additional 185,792 shares during the period. Finally, Gimbal Financial acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $8,882,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.0%

Shares of NYSEARCA:FUTY traded up $0.01 on Thursday, hitting $56.22. The company had a trading volume of 296,266 shares, compared to its average volume of 318,067. Fidelity MSCI Utilities Index ETF has a 52-week low of $45.94 and a 52-week high of $60.56. The business has a 50 day moving average of $55.93 and a 200 day moving average of $56.07. The company has a market cap of $2.23 billion, a PE 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.