Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Down 58.3% in May

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTYGet Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 36,956 shares, a decrease of 58.3% from the May 14th total of 88,723 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 290,922 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA FUTY opened at $56.89 on Friday. The stock has a market cap of $2.32 billion, a PE ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $51.50 and a fifty-two week high of $61.51. The business has a 50 day moving average price of $58.52 and a two-hundred day moving average price of $57.78.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bayban purchased a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $30,000. First Horizon Corp acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $42,000. Motiv8 Investments LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 4th quarter valued at approximately $75,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 1st quarter valued at approximately $101,000.

About Fidelity MSCI Utilities Index ETF

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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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