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

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 177,730 shares, a growth of 216.3% from the May 14th total of 56,191 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 227,902 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of iShares U.S. Utilities ETF

Several large investors have recently made changes to their positions in the business. Assetmark Inc. boosted its holdings in iShares U.S. Utilities ETF by 25.6% in the third quarter. Assetmark Inc. now owns 490 shares of the company’s stock valued at $54,000 after acquiring an additional 100 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in iShares U.S. Utilities ETF by 3.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,283 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in iShares U.S. Utilities ETF by 5.8% in the fourth quarter. IHT Wealth Management LLC now owns 1,966 shares of the company’s stock valued at $213,000 after acquiring an additional 108 shares during the last quarter. Money Concepts Capital Corp boosted its holdings in iShares U.S. Utilities ETF by 3.3% in the fourth quarter. Money Concepts Capital Corp now owns 4,055 shares of the company’s stock valued at $439,000 after acquiring an additional 131 shares during the last quarter. Finally, Wealth Management Associates Inc. boosted its holdings in iShares U.S. Utilities ETF by 2.2% in the fourth quarter. Wealth Management Associates Inc. now owns 7,914 shares of the company’s stock valued at $858,000 after acquiring an additional 167 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU stock opened at $111.38 on Friday. The stock’s fifty day moving average is $114.49 and its 200-day moving average is $113.16. The stock has a market capitalization of $1.53 billion, a PE ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 52 week low of $102.22 and a 52 week high of $120.82.

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.