Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Down 58.1% in May

by · The Cerbat Gem

Virtus Reaves Utilities ETF (NYSEARCA:UTES – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 32,297 shares, a decrease of 58.1% from the May 14th total of 77,062 shares. Based on an average trading volume of 389,115 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Virtus Reaves Utilities ETF Stock Performance

NYSEARCA UTES traded up $1.21 on Friday, reaching $78.85. The company’s stock had a trading volume of 255,511 shares, compared to its average volume of 212,271. Virtus Reaves Utilities ETF has a twelve month low of $72.81 and a twelve month high of $88.43. The stock has a market cap of $1.49 billion, a PE ratio of 20.34 and a beta of 0.75. The firm’s 50 day moving average is $80.76 and its two-hundred day moving average is $80.47.

Institutional Investors Weigh In On Virtus Reaves Utilities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of UTES. Jones Financial Companies Lllp acquired a new stake in Virtus Reaves Utilities ETF in the 3rd quarter valued at about $28,000. JPMorgan Chase & Co. acquired a new stake in Virtus Reaves Utilities ETF in the 3rd quarter valued at about $225,482,000. Thoroughbred Financial Services LLC lifted its holdings in Virtus Reaves Utilities ETF by 3.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 3,991 shares of the company’s stock valued at $333,000 after acquiring an additional 127 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Virtus Reaves Utilities ETF in the 3rd quarter valued at about $202,000. Finally, NewEdge Advisors LLC acquired a new stake in Virtus Reaves Utilities ETF in the 3rd quarter valued at about $186,000.

About Virtus Reaves Utilities ETF

(Get Free Report)

The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. UTES was launched on Sep 23, 2015 and is managed by Virtus.

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