Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Significant Decrease in Short Interest

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTYGet Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 29,205 shares, a decline of 78.8% from the December 15th total of 137,910 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 255,334 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 255,334 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Hilltop National Bank acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at approximately $26,000. Briaud Financial Planning Inc bought a new stake in Fidelity MSCI Utilities Index ETF during the second quarter worth $30,000. ORG Partners LLC acquired a new stake in Fidelity MSCI Utilities Index ETF in the second quarter valued at $32,000. IMG Wealth Management Inc. bought a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter valued at about $34,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $39,000.

Fidelity MSCI Utilities Index ETF Price Performance

FUTY stock traded up $0.30 during midday trading on Tuesday, hitting $55.58. The company’s stock had a trading volume of 285,128 shares, compared to its average volume of 325,683. The company’s fifty day moving average price is $56.34 and its 200 day moving average price is $55.82. Fidelity MSCI Utilities Index ETF has a twelve month low of $45.94 and a twelve month high of $60.56. The stock has a market capitalization of $2.18 billion, a P/E ratio of 20.34 and a beta of 0.61.

Fidelity MSCI Utilities Index ETF Company Profile

(Get Free Report)

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.

Further Reading

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