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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 77,208 shares, a growth of 108.9% from the May 31st total of 36,956 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 333,909 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Utilities Index ETF Stock Down 1.2%

FUTY traded down $0.69 during trading on Wednesday, reaching $57.73. The company had a trading volume of 270,417 shares, compared to its average volume of 339,673. The business has a 50 day simple moving average of $58.10 and a 200-day simple moving average of $57.90. The stock has a market cap of $2.35 billion, a P/E ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a 52 week low of $51.82 and a 52 week high of $61.51.

Institutional Trading of Fidelity MSCI Utilities Index ETF

Large investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings 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. AE Wealth Management LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 31.6% during the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock worth $75,727,000 after purchasing an additional 329,549 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 752,838 shares of the company’s stock worth $41,572,000 after purchasing an additional 76,597 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity MSCI Utilities Index ETF by 1,161.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock valued at $35,544,000 after purchasing an additional 592,663 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in Fidelity MSCI Utilities Index ETF by 3.8% during the third quarter. Lido Advisors LLC now owns 596,541 shares of the company’s stock valued at $33,687,000 after purchasing an additional 22,028 shares in 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.