Short Interest in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Drops By 38.3%
by Danessa Lincoln · The Markets DailyFidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 88,723 shares, a decrease of 38.3% from the April 30th total of 143,881 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 341,853 shares, the short-interest ratio is currently 0.3 days.
Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF
A number of institutional investors have recently made changes to their positions in the company. Roman Butler Fullerton & Co. acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth about $1,171,000. AGF Management Ltd. boosted its stake in Fidelity MSCI Utilities Index ETF by 10.2% during the 3rd quarter. AGF Management Ltd. now owns 104,371 shares of the company’s stock valued at $5,894,000 after purchasing an additional 9,652 shares during the period. Apollon Wealth Management LLC grew its position in Fidelity MSCI Utilities Index ETF by 9.0% in the 4th quarter. Apollon Wealth Management LLC now owns 131,183 shares of the company’s stock worth $7,244,000 after purchasing an additional 10,845 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Utilities Index ETF by 1,161.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock worth $35,544,000 after purchasing an additional 592,663 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Fidelity MSCI Utilities Index ETF in the third quarter valued at approximately $2,632,000.
Fidelity MSCI Utilities Index ETF Stock Performance
Shares of NYSEARCA FUTY traded up $0.11 during midday trading on Thursday, reaching $56.71. 42,953 shares of the company’s stock were exchanged, compared to its average volume of 337,092. Fidelity MSCI Utilities Index ETF has a 52-week low of $51.50 and a 52-week high of $61.51. The stock has a market capitalization of $2.31 billion, a PE ratio of 20.34 and a beta of 0.62. The business’s fifty day moving average price is $58.73 and its two-hundred day moving average price is $57.79.
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.