Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 155,264 shares, a growth of 229.0% from the January 29th total of 47,186 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 308,832 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 308,832 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are short sold.
Fidelity MSCI Utilities Index ETF Trading Up 1.0%
NYSEARCA:FUTY traded up $0.63 on Friday, hitting $61.44. The company had a trading volume of 198,357 shares, compared to its average volume of 302,773. Fidelity MSCI Utilities Index ETF has a 52 week low of $45.94 and a 52 week high of $61.51. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61. The firm has a 50 day moving average of $56.78 and a two-hundred day moving average of $56.63.
Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF
Several hedge funds have recently modified their holdings of FUTY. Claris Financial LLC bought a new stake in Fidelity MSCI Utilities Index ETF during the 4th quarter worth $436,000. Corient Private Wealth LLC bought a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $245,000. Jacobs Equity LLC acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the fourth quarter valued at approximately $332,000. NewEdge Advisors LLC raised its holdings in Fidelity MSCI Utilities Index ETF by 6.5% in the 4th quarter. NewEdge Advisors LLC now owns 68,850 shares of the company’s stock valued at $3,802,000 after buying an additional 4,212 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Fidelity MSCI Utilities Index ETF during the 4th quarter worth approximately $5,403,000.
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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