Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Shorted: Short Interest Up 63.6% in October

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 165,806 shares, a growth of 63.6% from the September 30th total of 101,368 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 607,888 shares, the short-interest ratio is currently 0.3 days.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA:FUTY traded down $0.14 on Monday, reaching $55.83. The company’s stock had a trading volume of 74,733 shares, compared to its average volume of 401,550. The company has a 50-day simple moving average of $53.92 and a 200 day simple moving average of $57.16. The company has a market cap of $2.07 billion, a P/E ratio of 20.34 and a beta of 0.57. Fidelity MSCI Utilities Index ETF has a 52-week low of $50.53 and a 52-week high of $61.51.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of FUTY. D.A. Davidson & CO. acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at about $332,000. Graham Capital Wealth Management LLC lifted its position in Fidelity MSCI Utilities Index ETF by 5.6% during the third quarter. Graham Capital Wealth Management LLC now owns 4,964 shares of the company’s stock worth $253,000 after buying an additional 263 shares in the last quarter. Latitude Advisors LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 3rd quarter worth $101,000. Roman Butler Fullerton & Co. purchased a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at about $71,000. Finally, Flagship Harbor Advisors LLC grew its stake in Fidelity MSCI Utilities Index ETF by 11.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 12,515 shares of the company’s stock worth $639,000 after purchasing an additional 1,303 shares in the last quarter.

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.