Short Interest in Virtus Reaves Utilities ETF (NYSEARCA:UTES) Grows By 133.2%

Virtus Reaves Utilities ETF (NYSEARCA:UTES) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 115,467 shares, an increase of 133.2% from the February 12th total of 49,511 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 204,304 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 204,304 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Virtus Reaves Utilities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Securities Inc. grew its holdings in Virtus Reaves Utilities ETF by 41.9% during the 3rd quarter. Fifth Third Securities Inc. now owns 55,289 shares of the company’s stock worth $4,613,000 after acquiring an additional 16,339 shares during the period. Fiduciary Alliance LLC acquired a new position in shares of Virtus Reaves Utilities ETF in the 3rd quarter valued at about $678,000. Valicenti Advisory Services Inc. acquired a new position in shares of Virtus Reaves Utilities ETF in the 3rd quarter valued at about $3,421,000. Transcendent Capital Group LLC bought a new stake in shares of Virtus Reaves Utilities ETF during the 3rd quarter valued at about $1,866,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Virtus Reaves Utilities ETF during the 3rd quarter valued at about $225,482,000.

Virtus Reaves Utilities ETF Stock Performance

Virtus Reaves Utilities ETF stock opened at $81.63 on Friday. Virtus Reaves Utilities ETF has a 52-week low of $57.24 and a 52-week high of $88.43. The firm has a 50 day moving average price of $80.39 and a two-hundred day moving average price of $81.41. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 20.34 and a beta of 0.73.

About Virtus Reaves Utilities ETF

The Virtus Reaves Utilities ETF (UTES) is an exchange-traded fund that is based on the S&P Utilities Select Sector index. The fund is an actively managed ETF that holds US utility stocks. UTES’ managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. UTES was launched on Sep 23, 2015 and is managed by Virtus.