Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Down 44.4% in June

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 42,901 shares, a decrease of 44.4% from the June 15th total of 77,208 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 331,434 shares, the short-interest ratio is currently 0.1 days.

Fidelity MSCI Utilities Index ETF Stock Down 0.5%

Shares of Fidelity MSCI Utilities Index ETF stock traded down $0.28 on Friday, reaching $58.38. 206,601 shares of the stock were exchanged, compared to its average volume of 336,334. The business has a 50 day moving average price of $57.95 and a two-hundred day moving average price of $58.17. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 20.34 and a beta of 0.59. Fidelity MSCI Utilities Index ETF has a twelve month low of $53.23 and a twelve month high of $61.51.

Institutional Trading of Fidelity MSCI Utilities Index ETF

Large investors have recently made changes to their positions in the business. Smith Salley Wealth Management lifted its position in Fidelity MSCI Utilities Index ETF by 1.3% during the first quarter. Smith Salley Wealth Management now owns 13,635 shares of the company’s stock valued at $805,000 after purchasing an additional 170 shares during the period. Global Financial Private Client LLC grew its position in Fidelity MSCI Utilities Index ETF by 1.9% during the 1st quarter. Global Financial Private Client LLC now owns 11,180 shares of the company’s stock worth $660,000 after purchasing an additional 209 shares during the period. D.A. Davidson & CO. raised its stake in shares of Fidelity MSCI Utilities Index ETF by 4.5% during the 1st quarter. D.A. Davidson & CO. now owns 5,400 shares of the company’s stock valued at $319,000 after buying an additional 233 shares during the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 0.3% in the 1st quarter. Valmark Advisers Inc. now owns 91,376 shares of the company’s stock valued at $5,398,000 after buying an additional 241 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 5.5% in the first quarter. Kestra Private Wealth Services LLC now owns 4,707 shares of the company’s stock worth $278,000 after buying an additional 245 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.