Short Interest in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Decreases By 38.6%

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 47,186 shares, a decrease of 38.6% from the January 15th total of 76,796 shares. Based on an average daily volume of 282,266 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 282,266 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY traded up $1.55 during mid-day trading on Friday, reaching $60.05. The company’s stock had a trading volume of 371,638 shares, compared to its average volume of 311,428. The stock has a market cap of $2.38 billion, a P/E ratio of 20.34 and a beta of 0.61. The company’s fifty day simple moving average is $55.83 and its two-hundred day simple moving average is $56.32. Fidelity MSCI Utilities Index ETF has a twelve month low of $45.94 and a twelve month high of $60.56.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

A number of large investors have recently bought and sold shares of the stock. Briaud Financial Planning Inc acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter worth $30,000. Elyxium Wealth LLC acquired a new stake in Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $30,000. IMG Wealth Management Inc. purchased a new position in Fidelity MSCI Utilities Index ETF in the second quarter valued at approximately $34,000. Atlantic Union Bankshares Corp purchased a new stake in Fidelity MSCI Utilities Index ETF during the third quarter worth approximately $39,000. Finally, First Horizon Corp acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter worth $42,000.

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.