iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Significant Increase in Short Interest

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a significant growth in short interest during the month of 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. Based on an average trading volume of 108,168 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are short sold.

iShares U.S. Utilities ETF Trading Up 0.5%

NYSEARCA IDU traded up $0.53 during trading hours on Friday, reaching $115.34. 101,053 shares of the company’s stock were exchanged, compared to its average volume of 168,198. The firm has a fifty day moving average of $114.72 and a 200-day moving average of $112.14. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $120.82. The stock has a market cap of $1.42 billion, a PE ratio of 21.72 and a beta of 0.61.

Institutional Trading of iShares U.S. Utilities ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC acquired a new position in iShares U.S. Utilities ETF during the 2nd quarter worth about $25,000. Strive Financial Group LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth about $30,000. Arax Advisory Partners bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth about $31,000. BOKF NA acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $35,000. Finally, Fifth Third Bancorp bought a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $39,000.

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.