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flag Short interest in FUTY ETF plummeted 78.8% in December, ending at 29,205 shares.

flag The Fidelity MSCI Utilities Index ETF (FUTY) saw short interest drop 78.8% in December, falling to 29,205 shares by December 31, with a days-to-cover ratio of 0.1. flag The ETF, which tracks U.S. utility stocks, had a market cap of $2.18 billion and traded at $55.58 on Tuesday, up $0.30. flag It has a P/E ratio of 20.34 and a beta of 0.61. flag The fund, launched in 2013, pays a $0.14 monthly dividend and holds a portfolio focused on utility sector companies.

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