Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Update

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 77,208 shares, a growth of 108.9% from the May 31st total of 36,956 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 333,909 shares, the short-interest ratio is presently 0.2 days.

Fidelity MSCI Utilities Index ETF Stock Down 0.5%

Shares of NYSEARCA FUTY traded down $0.31 during midday trading on Tuesday, hitting $58.96. 114,218 shares of the company’s stock were exchanged, compared to its average volume of 338,091. The company’s 50 day moving average price is $58.12 and its 200 day moving average price is $57.88. Fidelity MSCI Utilities Index ETF has a 12 month low of $51.82 and a 12 month high of $61.51. The firm has a market capitalization of $2.40 billion, a PE ratio of 20.34 and a beta of 0.60.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

A number of large investors have recently made changes to their positions in the company. Bayban bought a new stake in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at $26,000. Elyxium Wealth LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at $30,000. First Horizon Corp acquired a new position in Fidelity MSCI Utilities Index ETF in the 4th quarter valued at $42,000. Motiv8 Investments LLC bought a new position in Fidelity MSCI Utilities Index ETF during the 4th quarter worth $75,000. Finally, Centaurus Financial Inc. bought a new position in Fidelity MSCI Utilities Index ETF during the 1st quarter worth $101,000.

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.