Virtus Reaves Utilities ETF (NYSEARCA:UTES) Sees Large Decline in Short Interest

Posted by Donna Armstrong on Mar 28th, 2026

Virtus Reaves Utilities ETF (NYSEARCA:UTES – Get Free Report) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 77,141 shares, a decrease of 33.2% from the February 26th total of 115,467 shares. Based on an average daily volume of 160,784 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Virtus Reaves Utilities ETF Stock Performance

UTES traded up $0.95 during trading on Friday, hitting $80.24. 182,195 shares of the stock were exchanged, compared to its average volume of 227,771. The firm has a 50 day simple moving average of $80.62 and a 200 day simple moving average of $81.49. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 20.34 and a beta of 0.73. Virtus Reaves Utilities ETF has a 1 year low of $57.24 and a 1 year high of $88.43.

Hedge Funds Weigh In On Virtus Reaves Utilities ETF

Several institutional investors have recently made changes to their positions in UTES. Jones Financial Companies Lllp bought a new stake in shares of Virtus Reaves Utilities ETF in the third quarter valued at about $28,000. NewEdge Advisors LLC bought a new position in Virtus Reaves Utilities ETF during the 3rd quarter worth about $186,000. Cary Street Partners Financial LLC bought a new position in Virtus Reaves Utilities ETF during the 3rd quarter worth about $202,000. Highline Wealth Partners LLC increased its position in Virtus Reaves Utilities ETF by 7.6% during the 3rd quarter. Highline Wealth Partners LLC now owns 2,561 shares of the company’s stock valued at $214,000 after purchasing an additional 181 shares during the period. Finally, Western Wealth Management LLC purchased a new position in Virtus Reaves Utilities ETF during the 4th quarter valued at about $247,000.

Virtus Reaves Utilities ETF Company Profile

(Get Free Report)

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.