Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Down 58.1% in May

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 32,297 shares, a drop of 58.1% from the May 14th total of 77,062 shares. Based on an average trading volume of 389,115 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Virtus Reaves Utilities ETF Trading Up 1.6%

Shares of NYSEARCA:UTES traded up $1.21 during trading on Friday, reaching $78.85. The company’s stock had a trading volume of 255,511 shares, compared to its average volume of 212,271. Virtus Reaves Utilities ETF has a 12 month low of $72.81 and a 12 month high of $88.43. The firm’s 50 day simple moving average is $80.76 and its two-hundred day simple moving average is $80.48. The stock has a market capitalization of $1.49 billion, a PE ratio of 20.34 and a beta of 0.75.

Institutional Trading of Virtus Reaves Utilities ETF

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Securities Inc. lifted its stake in Virtus Reaves Utilities ETF by 45.9% in the fourth quarter. Fifth Third Securities Inc. now owns 80,683 shares of the company’s stock worth $6,370,000 after purchasing an additional 25,394 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Virtus Reaves Utilities ETF in the third quarter worth about $225,482,000. Western Wealth Management LLC bought a new stake in Virtus Reaves Utilities ETF in the fourth quarter worth about $247,000. Kingswood Wealth Advisors LLC lifted its stake in Virtus Reaves Utilities ETF by 5.3% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 31,699 shares of the company’s stock worth $2,503,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Virtus Reaves Utilities ETF by 713.3% in the fourth quarter. Private Trust Co. NA now owns 3,416 shares of the company’s stock worth $270,000 after purchasing an additional 2,996 shares during the last quarter.

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.