Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Declines By 72.6%

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 32,744 shares, a decline of 72.6% from the June 30th total of 119,388 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 65,390 shares, the short-interest ratio is currently 0.5 days.

iShares U.S. Utilities ETF Price Performance

Shares of IDU stock traded up $0.13 during mid-day trading on Friday, hitting $117.16. The stock had a trading volume of 559,787 shares, compared to its average volume of 179,763. iShares U.S. Utilities ETF has a 12-month low of $105.06 and a 12-month high of $120.82. The firm’s 50-day moving average is $113.76 and its two-hundred day moving average is $114.23. The firm has a market capitalization of $1.41 billion, a P/E ratio of 21.72 and a beta of 0.58.

Institutional Trading of iShares U.S. Utilities ETF

A number of hedge funds have recently added to or reduced their stakes in IDU. Johnson Investment Counsel Inc. lifted its stake in iShares U.S. Utilities ETF by 3.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,283 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the period. IHT Wealth Management LLC increased its position in iShares U.S. Utilities ETF by 5.8% during the 4th quarter. IHT Wealth Management LLC now owns 1,966 shares of the company’s stock valued at $213,000 after purchasing an additional 108 shares during the period. Money Concepts Capital Corp increased its position in iShares U.S. Utilities ETF by 3.3% during the 4th quarter. Money Concepts Capital Corp now owns 4,055 shares of the company’s stock valued at $439,000 after purchasing an additional 131 shares during the period. Wealth Management Associates Inc. raised its holdings in shares of iShares U.S. Utilities ETF by 2.2% in the 4th quarter. Wealth Management Associates Inc. now owns 7,914 shares of the company’s stock valued at $858,000 after purchasing an additional 167 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of iShares U.S. Utilities ETF by 2.7% in the 1st quarter. Sei Investments Co. now owns 6,355 shares of the company’s stock valued at $738,000 after purchasing an additional 167 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.