Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Significant Drop in Short Interest

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 92,310 shares, a decrease of 40.5% from the February 12th total of 155,264 shares. Based on an average daily volume of 275,219 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 275,219 shares, the short-interest ratio is presently 0.3 days.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of NYSEARCA FUTY traded up $0.55 during mid-day trading on Friday, hitting $60.44. The company’s stock had a trading volume of 271,712 shares, compared to its average volume of 299,331. Fidelity MSCI Utilities Index ETF has a one year low of $45.94 and a one year high of $61.51. The company’s fifty day simple moving average is $57.77 and its 200-day simple moving average is $56.99. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 20.34 and a beta of 0.61.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Roman Butler Fullerton & Co. acquired a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter valued at $1,171,000. Avalon Trust Co acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $242,000. AlphaCore Capital LLC acquired a new stake in shares of Fidelity MSCI Utilities Index ETF during the second quarter worth $486,000. J.W. Cole Advisors Inc. increased its holdings in Fidelity MSCI Utilities Index ETF by 44.7% in the second quarter. J.W. Cole Advisors Inc. now owns 23,984 shares of the company’s stock valued at $1,262,000 after purchasing an additional 7,406 shares during the last quarter. Finally, Independence Financial Advisors LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 2,625.7% in the third quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after purchasing an additional 185,792 shares during the last quarter.

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.