Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Stock Short Interest Declines 93.3%

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 101,368 shares, a drop of 93.3% from the September 15th total of 1,522,365 shares. Based on an average trading volume of 905,342 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of Fidelity MSCI Utilities Index ETF

Several large investors have recently modified their holdings of FUTY. Smith Salley Wealth Management lifted its stake in Fidelity MSCI Utilities Index ETF by 1.3% during the 1st quarter. Smith Salley Wealth Management now owns 13,635 shares of the company’s stock valued at $805,000 after acquiring an additional 170 shares in the last quarter. Global Financial Private Client LLC raised its holdings in shares of Fidelity MSCI Utilities Index ETF by 1.9% in the first quarter. Global Financial Private Client LLC now owns 11,180 shares of the company’s stock valued at $660,000 after purchasing an additional 209 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Fidelity MSCI Utilities Index ETF by 4.5% during the first quarter. D.A. Davidson & CO. now owns 5,400 shares of the company’s stock valued at $319,000 after purchasing an additional 233 shares in the last quarter. Valmark Advisers Inc. grew its position in Fidelity MSCI Utilities Index ETF by 0.3% in the 1st quarter. Valmark Advisers Inc. now owns 91,376 shares of the company’s stock worth $5,398,000 after purchasing an additional 241 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Fidelity MSCI Utilities Index ETF by 5.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,707 shares of the company’s stock valued at $278,000 after buying an additional 245 shares during the last quarter.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of Fidelity MSCI Utilities Index ETF stock traded up $0.43 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 one year low of $50.53 and a one year high of $61.51. The company has a fifty day moving average of $54.52 and a two-hundred day moving average of $57.09. The company 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.