Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Up 24.9% in December

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 137,910 shares, an increase of 24.9% from the November 30th total of 110,396 shares. Based on an average daily volume of 261,059 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 261,059 shares, the short-interest ratio is currently 0.5 days.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $55.22 on Friday. The business’s 50-day moving average is $56.78 and its two-hundred day moving average is $55.62. The firm has a market capitalization of $2.07 billion, a PE ratio of 20.34 and a beta of 0.61. Fidelity MSCI Utilities Index ETF has a 12 month low of $45.94 and a 12 month high of $60.56.

Hedge Funds Weigh In On Fidelity MSCI Utilities Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FUTY. Susquehanna International Group LLP raised its stake in shares of Fidelity MSCI Utilities Index ETF by 35.4% during the third quarter. Susquehanna International Group LLP now owns 56,725 shares of the company’s stock valued at $3,203,000 after purchasing an additional 14,817 shares during the period. Qube Research & Technologies Ltd grew its holdings in Fidelity MSCI Utilities Index ETF by 87.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 5,221 shares of the company’s stock valued at $295,000 after purchasing an additional 2,430 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Utilities Index ETF by 521.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 51,019 shares of the company’s stock worth $2,881,000 after buying an additional 42,814 shares during the period. Mariner LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 5.5% in the 3rd quarter. Mariner LLC now owns 372,304 shares of the company’s stock worth $21,024,000 after buying an additional 19,265 shares in the last quarter. Finally, Maxele Advisors LLC acquired a new position in Fidelity MSCI Utilities Index ETF in the 3rd quarter worth $1,071,000.

Fidelity MSCI Utilities Index ETF Company Profile

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.