Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,522,365 shares, a growth of 2,012.8% from the August 31st total of 72,055 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 495,485 shares, the short-interest ratio is presently 3.1 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of FUTY. Bayban acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 4th quarter valued at $26,000. JNBA Financial Advisors acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter worth $31,000. Trust Co. of Vermont acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 2nd quarter worth $71,000. Motiv8 Investments LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth $75,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the first quarter worth $101,000.
Fidelity MSCI Utilities Index ETF Trading Down 0.9%
FUTY stock traded down $0.46 on Thursday, hitting $51.00. 955,617 shares of the company’s stock traded hands, compared to its average volume of 364,945. Fidelity MSCI Utilities Index ETF has a 1-year low of $50.94 and a 1-year high of $61.51. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 20.34 and a beta of 0.58. The stock has a fifty day moving average of $56.08 and a 200-day moving average of $57.75.
About Fidelity MSCI Utilities Index ETF
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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