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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IDU. Wealthcare Advisory Partners LLC grew its stake in iShares U.S. Utilities ETF by 11.1% during the second quarter. Wealthcare Advisory Partners LLC now owns 2,057 shares of the company’s stock worth $236,000 after purchasing an additional 206 shares during the period. Evanson Financial LLC acquired a new position in iShares U.S. Utilities ETF in the second quarter valued at approximately $548,000. CoreCap Advisors LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 122.2% during the 2nd quarter. CoreCap Advisors LLC now owns 760 shares of the company’s stock worth $87,000 after buying an additional 418 shares in the last quarter. S&A Financial Services Inc. bought a new position in shares of iShares U.S. Utilities ETF during the 1st quarter worth approximately $560,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF during the 1st quarter worth approximately $6,975,000.

iShares U.S. Utilities ETF Trading Up 0.4%

IDU stock traded up $0.51 during midday trading on Tuesday, hitting $116.20. The stock had a trading volume of 23,059 shares, compared to its average volume of 178,513. The firm has a market cap of $1.40 billion, a P/E ratio of 21.72 and a beta of 0.58. The business has a fifty day moving average price of $113.84 and a two-hundred day moving average price of $114.32. iShares U.S. Utilities ETF has a 1-year low of $105.06 and a 1-year high of $120.82.

About iShares U.S. Utilities ETF

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.