Virtus Reaves Utilities ETF (NYSEARCA:UTES) Sees Large Increase in Short Interest

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 140,879 shares, an increase of 55.2% from the December 31st total of 90,771 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 214,263 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 214,263 shares, the short-interest ratio is presently 0.7 days. Currently, 0.8% of the company’s shares are sold short.

Virtus Reaves Utilities ETF Price Performance

Shares of Virtus Reaves Utilities ETF stock traded down $0.80 on Monday, hitting $76.85. 93,343 shares of the company’s stock traded hands, compared to its average volume of 231,251. The firm’s 50-day moving average price is $79.65 and its two-hundred day moving average price is $81.16. The stock has a market capitalization of $1.41 billion, a PE ratio of 20.34 and a beta of 0.73. Virtus Reaves Utilities ETF has a one year low of $57.24 and a one year high of $88.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Thoroughbred Financial Services LLC lifted its stake in shares of Virtus Reaves Utilities ETF by 3.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 3,991 shares of the company’s stock worth $333,000 after buying an additional 127 shares during the last quarter. Highline Wealth Partners LLC lifted its position in Virtus Reaves Utilities ETF by 7.6% during the third quarter. Highline Wealth Partners LLC now owns 2,561 shares of the company’s stock worth $214,000 after acquiring an additional 181 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Virtus Reaves Utilities ETF by 8.1% during the second quarter. Jaffetilchin Investment Partners LLC now owns 4,381 shares of the company’s stock worth $331,000 after buying an additional 330 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Virtus Reaves Utilities ETF in the third quarter valued at about $28,000. Finally, Nova Wealth Management Inc. increased its position in Virtus Reaves Utilities ETF by 4.7% during the fourth quarter. Nova Wealth Management Inc. now owns 8,002 shares of the company’s stock worth $632,000 after acquiring an additional 357 shares during the period.

Virtus Reaves Utilities ETF Company Profile

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.