Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Sees Large Increase in Short Interest

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 143,881 shares, an increase of 179.3% from the April 15th total of 51,524 shares. Based on an average daily volume of 418,849 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Fidelity MSCI Utilities Index ETF

A number of large investors have recently bought and sold shares of FUTY. Bank of America Corp DE lifted its stake in shares of Fidelity MSCI Utilities Index ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 9,084,792 shares of the company’s stock valued at $513,018,000 after purchasing an additional 289,161 shares during the period. AE Wealth Management LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 31.6% in the fourth quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock worth $75,727,000 after purchasing an additional 329,549 shares in the last quarter. LPL Financial LLC increased its holdings in Fidelity MSCI Utilities Index ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 752,838 shares of the company’s stock worth $41,572,000 after purchasing an additional 76,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity MSCI Utilities Index ETF by 1,161.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock valued at $35,544,000 after buying an additional 592,663 shares during the period. Finally, Lido Advisors LLC boosted its holdings in shares of Fidelity MSCI Utilities Index ETF by 3.8% during the 3rd quarter. Lido Advisors LLC now owns 596,541 shares of the company’s stock worth $33,687,000 after buying an additional 22,028 shares in the last quarter.

Fidelity MSCI Utilities Index ETF Stock Performance

Shares of NYSEARCA FUTY opened at $58.05 on Friday. The company’s 50 day moving average price is $59.38 and its 200-day moving average price is $57.83. Fidelity MSCI Utilities Index ETF has a 52-week low of $51.05 and a 52-week high of $61.51. The company has a market capitalization of $2.36 billion, a P/E ratio of 20.34 and a beta of 0.62.

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.