Short Interest in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Decreases By 38.6%

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 47,186 shares, a drop of 38.6% from the January 15th total of 76,796 shares. Based on an average trading volume of 282,266 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 282,266 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA:FUTY traded up $1.55 on Friday, hitting $60.05. The company’s stock had a trading volume of 371,638 shares, compared to its average volume of 311,428. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a 12 month low of $45.94 and a 12 month high of $60.56. The stock’s 50-day moving average is $55.74 and its two-hundred day moving average is $56.25.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RFG Advisory LLC raised its stake in shares of Fidelity MSCI Utilities Index ETF by 37.0% in the 2nd quarter. RFG Advisory LLC now owns 19,319 shares of the company’s stock worth $1,016,000 after buying an additional 5,218 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Fidelity MSCI Utilities Index ETF by 36.7% in the second quarter. Wilmington Savings Fund Society FSB now owns 13,623 shares of the company’s stock worth $717,000 after acquiring an additional 3,655 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Fidelity MSCI Utilities Index ETF by 2.1% in the 2nd quarter. Harbour Investments Inc. now owns 18,565 shares of the company’s stock valued at $977,000 after acquiring an additional 387 shares during the last quarter. Primoris Wealth Advisors LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 110.3% in the 2nd quarter. Primoris Wealth Advisors LLC now owns 46,425 shares of the company’s stock valued at $2,442,000 after acquiring an additional 24,350 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF by 8.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 13,175 shares of the company’s stock worth $693,000 after purchasing an additional 1,003 shares during the last quarter.

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.