Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Update

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 155,264 shares, an increase of 229.0% from the January 29th total of 47,186 shares. Based on an average daily volume of 308,832 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 308,832 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

A number of large investors have recently bought and sold shares of the stock. Roman Butler Fullerton & Co. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth $1,171,000. Avalon Trust Co purchased a new position in Fidelity MSCI Utilities Index ETF in the 2nd quarter worth about $242,000. AlphaCore Capital LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the 2nd quarter worth about $486,000. J.W. Cole Advisors Inc. raised its holdings in Fidelity MSCI Utilities Index ETF by 44.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 23,984 shares of the company’s stock worth $1,262,000 after buying an additional 7,406 shares during the period. Finally, Independence Financial Advisors LLC lifted its stake in Fidelity MSCI Utilities Index ETF by 2,625.7% during the third quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after buying an additional 185,792 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

FUTY stock traded down $0.24 during trading on Thursday, hitting $60.82. The stock had a trading volume of 104,924 shares, compared to its average volume of 303,420. The company’s 50 day moving average price is $56.55 and its two-hundred day moving average price is $56.56. Fidelity MSCI Utilities Index ETF has a 1-year low of $45.94 and a 1-year high of $61.11. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61.

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.