Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 143,881 shares, a growth of 179.3% from the April 15th total of 51,524 shares. Based on an average daily trading volume, of 418,849 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are short sold.
Fidelity MSCI Utilities Index ETF Price Performance
Shares of NYSEARCA FUTY opened at $58.05 on Friday. The company has a 50 day simple moving average of $59.38 and a 200 day simple moving average of $57.83. Fidelity MSCI Utilities Index ETF has a 1 year low of $51.05 and a 1 year high of $61.51. The firm has a market cap of $2.36 billion, a PE ratio of 20.34 and a beta of 0.62.
Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF
Several large investors have recently modified their holdings of the business. Bayban acquired a new stake in Fidelity MSCI Utilities Index ETF in the fourth quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at about $30,000. Atlantic Union Bankshares Corp bought a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at about $39,000. First Horizon Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $42,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at about $75,000.
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.
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