Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Update

Virtus Reaves Utilities ETF (NYSEARCA:UTES) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 90,771 shares, a drop of 27.2% from the December 15th total of 124,700 shares. Based on an average daily volume of 153,890 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 153,890 shares, the short-interest ratio is currently 0.6 days.

Virtus Reaves Utilities ETF Stock Performance

Shares of NYSEARCA UTES traded down $2.69 during trading hours on Friday, hitting $79.53. The stock had a trading volume of 331,876 shares, compared to its average volume of 224,916. The firm’s 50-day moving average price is $80.34 and its two-hundred day moving average price is $80.87. Virtus Reaves Utilities ETF has a 52 week low of $57.24 and a 52 week high of $88.43. The company has a market capitalization of $1.46 billion, a P/E ratio of 20.34 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UTES. Jones Financial Companies Lllp bought a new stake in Virtus Reaves Utilities ETF in the third quarter worth $28,000. Private Trust Co. NA lifted its position in shares of Virtus Reaves Utilities ETF by 80.1% in the second quarter. Private Trust Co. NA now owns 843 shares of the company’s stock worth $64,000 after buying an additional 375 shares during the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of Virtus Reaves Utilities ETF in the second quarter worth about $71,000. Highline Wealth Partners LLC boosted its stake in shares of Virtus Reaves Utilities ETF by 9.2% during the 2nd quarter. Highline Wealth Partners LLC now owns 2,380 shares of the company’s stock worth $180,000 after acquiring an additional 200 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Virtus Reaves Utilities ETF during the 3rd quarter valued at about $186,000.

About Virtus Reaves Utilities ETF

The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. UTES was launched on Sep 23, 2015 and is managed by Virtus.