Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Down 78.8% in December

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 29,205 shares, a drop of 78.8% from the December 15th total of 137,910 shares. Based on an average daily volume of 255,334 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 255,334 shares, the short-interest ratio is currently 0.1 days.

Fidelity MSCI Utilities Index ETF Trading Up 1.1%

FUTY stock traded up $0.62 during mid-day trading on Thursday, hitting $56.63. The stock had a trading volume of 556,835 shares, compared to its average volume of 342,393. The firm has a fifty day simple moving average of $56.28 and a 200 day simple moving average of $55.84. Fidelity MSCI Utilities Index ETF has a 52 week low of $45.94 and a 52 week high of $60.56. The firm has a market capitalization of $2.24 billion, a P/E ratio of 20.34 and a beta of 0.61.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FUTY. Nova Wealth Management Inc. grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 2,000.0% during the 2nd quarter. Nova Wealth Management Inc. now owns 1,743 shares of the company’s stock valued at $92,000 after purchasing an additional 1,660 shares during the last quarter. Archer Investment Management LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 3.1% in the 2nd quarter. Archer Investment Management LLC now owns 35,559 shares of the company’s stock worth $1,870,000 after purchasing an additional 1,076 shares in the last quarter. Sovran Advisors LLC raised its position in Fidelity MSCI Utilities Index ETF by 10.6% in the second quarter. Sovran Advisors LLC now owns 6,247 shares of the company’s stock valued at $327,000 after purchasing an additional 600 shares during the last quarter. Global Financial Private Client LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 37.8% during the second quarter. Global Financial Private Client LLC now owns 10,326 shares of the company’s stock valued at $543,000 after purchasing an additional 2,834 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Fidelity MSCI Utilities Index ETF by 93.2% in the second quarter. CX Institutional now owns 7,143 shares of the company’s stock valued at $376,000 after buying an additional 3,446 shares during the period.

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.