Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Expands By 109.9%

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 107,293 shares, a growth of 109.9% from the February 26th total of 51,116 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 108,168 shares, the short-interest ratio is presently 1.0 days.

iShares U.S. Utilities ETF Stock Up 0.3%

IDU traded up $0.32 during midday trading on Thursday, reaching $114.81. The company had a trading volume of 73,197 shares, compared to its average volume of 169,357. The business has a 50-day moving average of $114.54 and a two-hundred day moving average of $112.05. The company has a market cap of $1.42 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $120.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in iShares U.S. Utilities ETF by 5.5% in the 3rd quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock worth $109,784,000 after acquiring an additional 51,642 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in iShares U.S. Utilities ETF by 24,187.0% during the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after purchasing an additional 725,611 shares in the last quarter. PGIM Custom Harvest LLC boosted its position in shares of iShares U.S. Utilities ETF by 1.0% in the second quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock worth $48,085,000 after purchasing an additional 4,412 shares during the period. LPL Financial LLC boosted its position in shares of iShares U.S. Utilities ETF by 14.0% in the fourth quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock worth $44,624,000 after purchasing an additional 50,692 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of iShares U.S. Utilities ETF by 6.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock worth $43,848,000 after purchasing an additional 23,361 shares in the last quarter.

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.