Virtus Reaves Utilities ETF (NYSEARCA:UTES) Short Interest Update

Virtus Reaves Utilities ETF (NYSEARCA:UTES) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 21,919 shares, a decline of 65.5% from the June 30th total of 63,571 shares. Based on an average daily trading volume, of 117,905 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Virtus Reaves Utilities ETF Price Performance

Shares of Virtus Reaves Utilities ETF stock opened at $78.78 on Wednesday. The company has a 50-day moving average of $80.76 and a 200 day moving average of $80.79. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 20.34 and a beta of 0.75. Virtus Reaves Utilities ETF has a 1 year low of $74.60 and a 1 year high of $88.43.

Institutional Investors Weigh In On Virtus Reaves Utilities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Coston McIsaac & Partners purchased a new position in shares of Virtus Reaves Utilities ETF during the first quarter valued at approximately $33,000. Sound Income Strategies LLC bought a new stake in shares of Virtus Reaves Utilities ETF in the 1st quarter worth approximately $37,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Virtus Reaves Utilities ETF in the 1st quarter worth approximately $135,000. NewEdge Advisors LLC purchased a new stake in shares of Virtus Reaves Utilities ETF in the 3rd quarter worth approximately $186,000. Finally, Highline Wealth Partners LLC grew its stake in shares of Virtus Reaves Utilities ETF by 10.2% in the 4th quarter. Highline Wealth Partners LLC now owns 2,823 shares of the company’s stock worth $223,000 after buying an additional 262 shares during the last quarter.

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.