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

by · The Markets Daily

iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 56,191 shares, a drop of 54.6% from the April 30th total of 123,719 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 282,904 shares, the days-to-cover ratio is currently 0.2 days.

iShares U.S. Utilities ETF Stock Performance

iShares U.S. Utilities ETF stock traded down $3.03 during trading hours on Monday, hitting $109.08. 57,315 shares of the stock were exchanged, compared to its average volume of 209,357. The stock has a market capitalization of $1.49 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 12 month low of $102.22 and a 12 month high of $120.82. The business’s 50-day moving average is $115.04 and its two-hundred day moving average is $113.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings 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 worth $109,784,000 after acquiring an additional 51,642 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Utilities ETF by 24,187.0% during 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 grew its stake in shares of iShares U.S. Utilities ETF by 14.0% during the fourth quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock valued at $44,624,000 after purchasing an additional 50,692 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings 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 valued at $43,848,000 after purchasing an additional 23,361 shares in the last quarter. Finally, Pinkerton Wealth LLC raised its position in iShares U.S. Utilities ETF by 8.6% in the 4th 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 last quarter.

iShares U.S. Utilities ETF Company Profile

(Get Free Report)

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.

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