Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Shares Shorted: Short Interest Up 63.6% in October

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the 3rd quarter worth approximately $26,000. JNBA Financial Advisors purchased a new position in shares of Fidelity MSCI Utilities Index ETF in the second quarter valued at $31,000. Hanson & Doremus Investment Management purchased a new position in Fidelity MSCI Utilities Index ETF during the 3rd quarter valued at about $31,000. Trust Co. of Vermont purchased a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $71,000. Finally, Roman Butler Fullerton & Co. bought a new stake in Fidelity MSCI Utilities Index ETF during the third quarter valued at approximately $71,000.

Fidelity MSCI Utilities Index ETF Stock Down 0.3%

Shares of FUTY stock traded down $0.14 on Monday, reaching $55.83. The company had a trading volume of 74,733 shares, compared to its average volume of 401,550. The stock has a market capitalization of $2.07 billion, a PE ratio of 20.34 and a beta of 0.57. The business’s 50-day moving average is $53.92 and its 200 day moving average is $57.16. Fidelity MSCI Utilities Index ETF has a one year low of $50.53 and a one year high of $61.51.

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.