Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 88,723 shares, a drop of 38.3% from the April 30th total of 143,881 shares. Based on an average daily trading volume, of 341,853 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.
Fidelity MSCI Utilities Index ETF Trading Up 2.0%
Shares of NYSEARCA:FUTY opened at $56.94 on Wednesday. The stock’s 50-day moving average price is $58.76 and its 200-day moving average price is $57.81. Fidelity MSCI Utilities Index ETF has a 12-month low of $51.50 and a 12-month high of $61.51. The stock has a market capitalization of $2.32 billion, a P/E ratio of 20.34 and a beta of 0.62.
Institutional Trading of Fidelity MSCI Utilities Index ETF
Institutional investors have recently modified their holdings of the company. Bayban purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $30,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the third quarter worth about $39,000. First Horizon Corp purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $42,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Fidelity MSCI Utilities Index ETF during the fourth quarter worth about $75,000.
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.
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