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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large growth in short interest during the month of 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. Based on an average daily volume of 343,324 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 343,324 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Fidelity MSCI Utilities Index ETF

Hedge funds have recently made changes to their positions in the company. Hilltop National Bank purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at $26,000. Briaud Financial Planning Inc purchased a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at about $30,000. ORG Partners LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at about $32,000. IMG Wealth Management Inc. acquired a new position in Fidelity MSCI Utilities Index ETF during the second quarter worth about $34,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at about $39,000.

Fidelity MSCI Utilities Index ETF Trading Up 0.0%

Shares of Fidelity MSCI Utilities Index ETF stock traded up $0.01 during trading hours on Thursday, hitting $56.22. 296,266 shares of the company were exchanged, compared to its average volume of 318,067. The business has a 50-day moving average of $55.93 and a 200-day moving average of $56.07. 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 capitalization of $2.23 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61.

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.