Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 1,522,365 shares, a growth of 2,012.8% from the August 31st total of 72,055 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average trading volume of 495,485 shares, the days-to-cover ratio is currently 3.1 days.
Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF
Large investors have recently made changes to their positions in the business. Nwam LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 424.8% in the second quarter. Nwam LLC now owns 116,370 shares of the company’s stock valued at $6,330,000 after purchasing an additional 94,197 shares in the last quarter. Bank of America Corp DE boosted its stake in Fidelity MSCI Utilities Index ETF by 0.9% during the first quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock worth $541,721,000 after buying an additional 77,710 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Fidelity MSCI Utilities Index ETF by 21.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock valued at $24,534,000 after buying an additional 73,449 shares during the period. Kestra Advisory Services LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 13.7% in the 1st quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock valued at $32,644,000 after buying an additional 66,524 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity MSCI Utilities Index ETF by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock valued at $14,805,000 after buying an additional 57,657 shares in the last quarter.
Fidelity MSCI Utilities Index ETF Trading Down 0.5%
Fidelity MSCI Utilities Index ETF stock traded down $0.27 on Friday, reaching $50.73. 124,761 shares of the stock were exchanged, compared to its average volume of 363,468. Fidelity MSCI Utilities Index ETF has a twelve month low of $50.73 and a twelve month high of $61.51. The firm has a fifty day moving average price of $55.93 and a two-hundred day moving average price of $57.68. The stock has a market cap of $2.09 billion, a PE ratio of 20.34 and a beta of 0.58.
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.
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