iShares U.S. Utilities ETF (NYSEARCA:IDU) Shares Shorted: Short Interest Up 187.6% in September

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 106,465 shares, a growth of 187.6% from the September 15th total of 37,018 shares. Based on an average trading volume of 211,623 shares, the short-interest ratio is currently 0.5 days. Approximately 0.8% of the shares of the company are short sold.

iShares U.S. Utilities ETF Stock Performance

NYSEARCA:IDU opened at $106.74 on Wednesday. iShares U.S. Utilities ETF has a 52-week low of $100.00 and a 52-week high of $120.82. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 21.72 and a beta of 0.56. The business’s fifty day moving average is $107.22 and its 200 day moving average is $111.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its stake 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 acquiring an additional 725,611 shares in the last quarter. Cetera Investment Advisers increased its holdings in iShares U.S. Utilities ETF by 10.7% during the 1st quarter. Cetera Investment Advisers now owns 68,169 shares of the company’s stock worth $7,915,000 after acquiring an additional 6,586 shares during the period. Arete Wealth Advisors LLC purchased a new stake in iShares U.S. Utilities ETF in the 1st quarter worth approximately $6,975,000. Sanctuary Advisors LLC lifted its stake in iShares U.S. Utilities ETF by 100.4% in the 1st quarter. Sanctuary Advisors LLC now owns 36,303 shares of the company’s stock worth $4,215,000 after purchasing an additional 18,185 shares in the last quarter. Finally, Advisors Management Group Inc. ADV lifted its stake in iShares U.S. Utilities ETF by 1.0% in the 1st quarter. Advisors Management Group Inc. ADV now owns 20,980 shares of the company’s stock worth $2,436,000 after purchasing an additional 216 shares in the last quarter.

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.