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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 77,208 shares, a growth of 108.9% from the May 31st total of 36,956 shares. Based on an average daily trading volume, of 333,909 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY traded down $0.31 during trading hours on Tuesday, hitting $58.96. The company’s stock had a trading volume of 114,218 shares, compared to its average volume of 338,091. The stock has a fifty day simple moving average of $58.12 and a 200-day simple moving average of $57.88. The company has a market capitalization of $2.40 billion, a P/E ratio of 20.34 and a beta of 0.60. Fidelity MSCI Utilities Index ETF has a twelve month low of $51.82 and a twelve month high of $61.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FUTY. Western Wealth Management LLC grew its holdings in shares of Fidelity MSCI Utilities Index ETF by 117.7% during the 1st quarter. Western Wealth Management LLC now owns 12,423 shares of the company’s stock valued at $734,000 after purchasing an additional 6,716 shares during the last quarter. NewEdge Advisors LLC increased its position in Fidelity MSCI Utilities Index ETF by 7.1% during the 1st quarter. NewEdge Advisors LLC now owns 73,751 shares of the company’s stock worth $4,356,000 after purchasing an additional 4,901 shares in the last quarter. Bank of America Corp DE lifted its stake in Fidelity MSCI Utilities Index ETF by 0.9% in the 1st quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock valued at $541,721,000 after purchasing an additional 77,710 shares during the last quarter. Centaurus Financial Inc. bought a new position in Fidelity MSCI Utilities Index ETF in the 1st quarter valued at approximately $101,000. Finally, Royal Bank of Canada boosted its position in Fidelity MSCI Utilities Index ETF by 21.0% in the first quarter. Royal Bank of Canada now owns 28,406 shares of the company’s stock valued at $1,678,000 after buying an additional 4,936 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.