Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Shorted: Short Interest Up 2,012.8% in September

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,522,365 shares, an increase of 2,012.8% from the August 31st total of 72,055 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average trading volume of 495,485 shares, the short-interest ratio is presently 3.1 days.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of NYSEARCA FUTY traded down $0.46 during mid-day trading on Thursday, reaching $51.00. 955,617 shares of the company traded hands, compared to its average volume of 364,945. Fidelity MSCI Utilities Index ETF has a fifty-two week low of $50.94 and a fifty-two week high of $61.51. The firm has a market cap of $2.10 billion, a PE ratio of 20.34 and a beta of 0.58. The stock has a fifty day simple moving average of $56.08 and a 200-day simple moving average of $57.75.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Fidelity MSCI Utilities Index ETF by 0.9% in the first quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock valued at $541,721,000 after buying an additional 77,710 shares during the period. Kestra Advisory Services LLC boosted its stake in Fidelity MSCI Utilities Index ETF by 13.7% during the first quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock valued at $32,644,000 after buying an additional 66,524 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Utilities Index ETF by 21.2% during the second quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock worth $24,534,000 after acquiring an additional 73,449 shares during the period. Cetera Investment Advisers grew its holdings in Fidelity MSCI Utilities Index ETF by 29.9% during the first quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock worth $14,805,000 after acquiring an additional 57,657 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Fidelity MSCI Utilities Index ETF by 50.0% in the fourth quarter. BNP Paribas Financial Markets now owns 150,000 shares of the company’s stock worth $8,283,000 after acquiring an additional 50,000 shares in 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.