iShares U.S. Utilities ETF (NYSEARCA:IDU) Shares Shorted: Short Interest Down 33.5% in October

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 70,792 shares, a decline of 33.5% from the September 30th total of 106,465 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 157,748 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

A number of hedge funds have recently modified their holdings of IDU. Fifth Third Bancorp increased its holdings in iShares U.S. Utilities ETF by 12,706.0% during the 1st quarter. Fifth Third Bancorp now owns 10,757 shares of the company’s stock valued at $1,249,000 after purchasing an additional 10,673 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter worth approximately $547,000. Sanctuary Advisors LLC lifted its holdings 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 buying an additional 18,185 shares during the period. Sovran Advisors LLC grew its position in shares of iShares U.S. Utilities ETF by 134.5% in the 1st quarter. Sovran Advisors LLC now owns 19,752 shares of the company’s stock worth $2,337,000 after buying an additional 11,330 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in shares of iShares U.S. Utilities ETF by 155.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,055 shares of the company’s stock worth $911,000 after buying an additional 4,897 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU stock opened at $111.02 on Wednesday. The company has a market capitalization of $1.42 billion, a P/E ratio of 21.72 and a beta of 0.54. iShares U.S. Utilities ETF has a fifty-two week low of $100.00 and a fifty-two week high of $120.82. The stock has a 50 day moving average price of $106.60 and a two-hundred day moving average price of $112.31.

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.