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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 137,910 shares, a growth of 24.9% from the November 30th total of 110,396 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 261,059 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 261,059 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are sold short.

Fidelity MSCI Utilities Index ETF Stock Down 0.5%

Fidelity MSCI Utilities Index ETF stock traded down $0.26 during trading on Wednesday, hitting $55.32. The stock had a trading volume of 174,096 shares, compared to its average volume of 196,298. The stock’s 50 day moving average is $56.90 and its two-hundred day moving average is $55.63. Fidelity MSCI Utilities Index ETF has a 1 year low of $45.94 and a 1 year high of $60.56. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hilltop National Bank purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth about $26,000. Briaud Financial Planning Inc purchased a new stake in Fidelity MSCI Utilities Index ETF in the second quarter worth approximately $30,000. ORG Partners LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth approximately $32,000. IMG Wealth Management Inc. bought a new stake in Fidelity MSCI Utilities Index ETF in the second quarter worth $34,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the third quarter worth about $39,000.

About Fidelity MSCI Utilities Index ETF

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.