Short Interest in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Increases By 51.4%

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 117,643 shares, a growth of 51.4% from the March 15th total of 77,688 shares. Based on an average trading volume of 344,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Fidelity MSCI Utilities Index ETF Trading Up 0.2%

FUTY traded up $0.11 during trading on Tuesday, reaching $59.87. 2,643,525 shares of the company’s stock were exchanged, compared to its average volume of 334,641. Fidelity MSCI Utilities Index ETF has a one year low of $48.58 and a one year high of $61.51. The stock has a market capitalization of $2.48 billion, a PE ratio of 20.34 and a beta of 0.66. The firm has a fifty day moving average price of $59.34 and a two-hundred day moving average price of $57.71.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

A number of institutional investors have recently added to or reduced their stakes in FUTY. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity MSCI Utilities Index ETF by 1,161.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 643,682 shares of the company’s stock worth $35,544,000 after acquiring an additional 592,663 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 1,318.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 472,118 shares of the company’s stock valued at $24,833,000 after purchasing an additional 438,842 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 31.6% in the 4th quarter. AE Wealth Management LLC now owns 1,371,364 shares of the company’s stock valued at $75,727,000 after purchasing an additional 329,549 shares during the last quarter. Bank of America Corp DE boosted 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 last quarter. Finally, Independence Financial Advisors LLC boosted its stake in shares of Fidelity MSCI Utilities Index ETF by 2,625.7% in the 3rd quarter. Independence Financial Advisors LLC now owns 192,868 shares of the company’s stock valued at $10,891,000 after purchasing an additional 185,792 shares during the last quarter.

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.