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

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 119,388 shares, a growth of 260.9% from the June 15th total of 33,079 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average trading volume of 83,400 shares, the short-interest ratio is presently 1.4 days.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA:IDU opened at $115.19 on Monday. The firm has a market cap of $1.39 billion, a PE ratio of 21.72 and a beta of 0.58. The firm’s 50 day simple moving average is $113.48 and its 200-day simple moving average is $113.79. iShares U.S. Utilities ETF has a one year low of $104.09 and a one year high of $120.82.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL purchased a new stake in shares of iShares U.S. Utilities ETF in the 2nd quarter worth $269,000. Qube Research & Technologies Ltd raised its holdings in shares of iShares U.S. Utilities ETF by 99.8% in the second quarter. Qube Research & Technologies Ltd now owns 2,146 shares of the company’s stock valued at $224,000 after acquiring an additional 1,072 shares in the last quarter. NewEdge Advisors LLC lifted its stake in iShares U.S. Utilities ETF by 1.2% in the second quarter. NewEdge Advisors LLC now owns 20,855 shares of the company’s stock worth $2,181,000 after acquiring an additional 244 shares during the period. Quantinno Capital Management LP lifted its stake in iShares U.S. Utilities ETF by 58.2% in the second quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock worth $675,000 after acquiring an additional 2,374 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in iShares U.S. Utilities ETF by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after acquiring an additional 16,173 shares in the last quarter.

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.