Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) 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 company are short sold. Based on an average daily volume of 607,888 shares, the short-interest ratio is presently 0.3 days.
Fidelity MSCI Utilities Index ETF Stock Performance
NYSEARCA:FUTY opened at $56.01 on Wednesday. The stock has a 50-day simple moving average of $53.95 and a two-hundred day simple moving average of $57.16. Fidelity MSCI Utilities Index ETF has a 52-week low of $50.53 and a 52-week high of $61.51. The firm has a market capitalization of $2.07 billion, a PE ratio of 20.34 and a beta of 0.55.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. bought a new position in shares of Fidelity MSCI Utilities Index ETF in the third quarter worth about $346,000. Investment Management Corp VA ADV bought a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $1,308,000. Commonwealth Equity Services LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at approximately $16,738,000. Schmidt P J Investment Management Inc. purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $276,000. Finally, D.A. Davidson & CO. purchased a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $332,000.
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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