Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 101,368 shares, a decrease of 93.3% from the September 15th total of 1,522,365 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 905,342 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Nwam LLC boosted its holdings in Fidelity MSCI Utilities Index ETF by 424.8% during the second quarter. Nwam LLC now owns 116,370 shares of the company’s stock worth $6,330,000 after buying an additional 94,197 shares in the last quarter. Bank of America Corp DE grew its position 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 valued at $541,721,000 after buying an additional 77,710 shares during the period. Envestnet Asset Management Inc. increased its holdings in Fidelity MSCI Utilities Index ETF by 21.2% in the second 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 in the last quarter. Kestra Advisory Services LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 13.7% in the first 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 in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Fidelity MSCI Utilities Index ETF by 29.9% in the first quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock worth $14,805,000 after acquiring an additional 57,657 shares during the period.
Fidelity MSCI Utilities Index ETF Trading Up 0.8%
Shares of FUTY traded up $0.43 during midday trading on Friday, hitting $53.47. 356,808 shares of the company’s stock traded hands, compared to its average volume of 401,155. Fidelity MSCI Utilities Index ETF has a 1 year low of $50.53 and a 1 year high of $61.51. The firm’s fifty day moving average is $54.52 and its 200-day moving average is $57.09. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.34 and a beta of 0.57.
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.
Recommended Stories
- Five stocks we like better than Fidelity MSCI Utilities Index ETF
- 3 Stocks Chopped in Half: Why These Drops May Be Structural, Not a Dip
- Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up
- Utilities Are Bouncing Back—These 2 Giants Could Signal the Next Big Sector Rally
- Q3 Earnings Could Blow Past Consensus—Be Ready for What Comes Next
Receive News & Ratings for Fidelity MSCI Utilities Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Utilities Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
