Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Down 37.8% in December

Virtus Reaves Utilities ETF (NYSEARCA:UTES) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 124,700 shares, a decrease of 37.8% from the November 30th total of 200,641 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 167,234 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 167,234 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the company’s shares are short sold.

Virtus Reaves Utilities ETF Price Performance

Virtus Reaves Utilities ETF stock traded down $0.10 during mid-day trading on Friday, reaching $79.48. 100,778 shares of the company traded hands, compared to its average volume of 173,554. The firm’s 50 day moving average price is $81.78 and its 200 day moving average price is $80.34. Virtus Reaves Utilities ETF has a 52-week low of $57.24 and a 52-week high of $88.43. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.34 and a beta of 0.73.

Hedge Funds Weigh In On Virtus Reaves Utilities ETF

Large investors have recently modified their holdings of the stock. Old Port Advisors grew its position in Virtus Reaves Utilities ETF by 30.9% during the 2nd quarter. Old Port Advisors now owns 19,371 shares of the company’s stock valued at $1,464,000 after purchasing an additional 4,578 shares during the last quarter. Highline Wealth Partners LLC grew its holdings in shares of Virtus Reaves Utilities ETF by 9.2% during the second quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock valued at $180,000 after buying an additional 200 shares during the last quarter. Fifth Third Securities Inc. increased its position in shares of Virtus Reaves Utilities ETF by 105.7% during the second quarter. Fifth Third Securities Inc. now owns 38,950 shares of the company’s stock valued at $2,945,000 after acquiring an additional 20,016 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Virtus Reaves Utilities ETF by 18.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,036 shares of the company’s stock worth $834,000 after acquiring an additional 1,686 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in Virtus Reaves Utilities ETF by 80.1% in the 2nd quarter. Private Trust Co. NA now owns 843 shares of the company’s stock valued at $64,000 after acquiring an additional 375 shares in the last quarter.

About Virtus Reaves Utilities ETF

The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. UTES was launched on Sep 23, 2015 and is managed by Virtus.