iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Update

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 31,644 shares, a drop of 14.9% from the January 15th total of 37,196 shares. Based on an average daily trading volume, of 217,598 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 217,598 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Utilities ETF Stock Performance

IDU traded down $1.58 during trading on Wednesday, reaching $115.83. 53,602 shares of the stock were exchanged, compared to its average volume of 197,725. The stock’s 50 day moving average price is $109.74 and its two-hundred day moving average price is $110.47. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $118.59. The stock has a market cap of $1.43 billion, a P/E ratio of 21.72 and a beta of 0.61.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in iShares U.S. Utilities ETF during the second quarter worth about $25,000. Arax Advisory Partners bought a new position in shares of iShares U.S. Utilities ETF during the 4th quarter worth approximately $31,000. BOKF NA bought a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $35,000. Fifth Third Bancorp acquired a new position in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $39,000. Finally, Rice Partnership LLC bought a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $40,000.

About iShares U.S. Utilities ETF

iShares U.S. Utilities ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Utilities Index (the Underlying Index). The Underlying Index measures the performance of the utilities sector of the United States equity market. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.