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

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 165,806 shares, a growth of 63.6% from the September 30th total of 101,368 shares. Based on an average trading volume of 607,888 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity MSCI Utilities Index ETF Stock Down 0.5%

Shares of FUTY stock opened at $56.01 on Tuesday. The firm has a market cap of $2.07 billion, a P/E ratio of 20.34 and a beta of 0.57. The company has a 50 day moving average of $53.94 and a 200-day moving average of $57.16. Fidelity MSCI Utilities Index ETF has a 12-month low of $50.53 and a 12-month high of $61.51.

Institutional Trading of Fidelity MSCI Utilities Index ETF

A number of large investors have recently bought and sold shares of FUTY. Commonwealth Equity Services LLC purchased a new stake in Fidelity MSCI Utilities Index ETF during the 3rd quarter worth about $16,738,000. Nwam LLC boosted its stake in Fidelity MSCI Utilities Index ETF by 424.8% in the 2nd quarter. Nwam LLC now owns 116,370 shares of the company’s stock worth $6,330,000 after purchasing an additional 94,197 shares during the period. Bank of America Corp DE boosted its stake in Fidelity MSCI Utilities Index ETF by 0.9% in the 1st quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock worth $541,721,000 after purchasing an additional 77,710 shares during the period. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Utilities Index ETF by 21.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock valued at $24,534,000 after buying an additional 73,449 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Fidelity MSCI Utilities Index ETF by 13.7% during the 1st 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.

About Fidelity MSCI Utilities Index ETF

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.