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

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 71,232 shares, an increase of 125.1% from the January 29th total of 31,644 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 83,150 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 83,150 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company’s stock are short sold.

iShares U.S. Utilities ETF Stock Down 0.2%

Shares of NYSEARCA:IDU opened at $119.25 on Friday. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $119.56. The stock’s 50 day moving average is $111.04 and its 200-day moving average is $110.85. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC raised its stake in shares of iShares U.S. Utilities ETF by 3,828.9% in the fourth quarter. Corient Private Wealth LLC now owns 80,935 shares of the company’s stock worth $8,770,000 after purchasing an additional 78,875 shares during the last quarter. Strive Financial Group LLC bought a new stake in iShares U.S. Utilities ETF during the fourth quarter worth $30,000. Mercer Global Advisors Inc. ADV raised its position in iShares U.S. Utilities ETF by 4.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,351 shares of the company’s stock valued at $688,000 after buying an additional 282 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $2,336,000. Finally, EP Wealth Advisors LLC bought a new position in iShares U.S. Utilities ETF during the 4th quarter valued at $292,000.

iShares U.S. Utilities ETF Company Profile

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.