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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 92,310 shares, a drop of 40.5% from the February 12th total of 155,264 shares. Based on an average daily volume of 275,219 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 275,219 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $294,000. Bayban bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter worth about $26,000. Targeted Financial Services LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $2,651,000. Claris Financial LLC purchased a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at about $436,000. Finally, Jacobs Equity LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter valued at approximately $332,000.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY traded up $0.55 during mid-day trading on Friday, hitting $60.44. The stock had a trading volume of 271,712 shares, compared to its average volume of 299,331. The business has a 50 day moving average price of $57.77 and a two-hundred day moving average price of $56.99. Fidelity MSCI Utilities Index ETF has a 1 year low of $45.94 and a 1 year high of $61.51. The firm has a market cap of $2.39 billion, a P/E ratio of 20.34 and a beta of 0.61.

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.