iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Update

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 33,079 shares, a decline of 81.4% from the May 31st total of 177,730 shares. Based on an average daily volume of 127,862 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

iShares U.S. Utilities ETF Stock Up 0.8%

Shares of IDU traded up $0.88 during mid-day trading on Friday, reaching $116.82. The company’s stock had a trading volume of 42,281 shares, compared to its average volume of 194,732. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. The business has a fifty day moving average of $113.64 and a 200 day moving average of $113.28. iShares U.S. Utilities ETF has a 1 year low of $102.91 and a 1 year high of $120.82.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Several hedge funds have recently bought and sold shares of IDU. Bank of America Corp DE grew its stake in iShares U.S. Utilities ETF by 5.5% during the 3rd quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after acquiring an additional 51,642 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Utilities ETF by 24,187.0% in the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock worth $78,952,000 after purchasing an additional 725,611 shares in the last quarter. LPL Financial LLC lifted 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its position 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. Finally, Pinkerton Wealth LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 8.6% during the fourth quarter. Pinkerton Wealth LLC now owns 366,993 shares of the company’s stock worth $39,767,000 after purchasing an additional 29,151 shares during the period.

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.