iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Down 14.9% in January

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 31,644 shares, a drop of 14.9% from the January 15th total of 37,196 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 217,598 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 217,598 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of iShares U.S. Utilities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in iShares U.S. Utilities ETF by 0.4% during the fourth quarter. Osaic Holdings Inc. now owns 91,451 shares of the company’s stock valued at $9,919,000 after purchasing an additional 357 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of iShares U.S. Utilities ETF by 24.8% during the 4th quarter. Private Advisor Group LLC now owns 40,820 shares of the company’s stock worth $4,423,000 after purchasing an additional 8,105 shares in the last quarter. WealthCare Asset Management LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 4th quarter valued at approximately $377,000. MLP3 LLC acquired a new stake in shares of iShares U.S. Utilities ETF in the 4th quarter valued at approximately $1,059,000. Finally, MML Investors Services LLC grew its stake in shares of iShares U.S. Utilities ETF by 2.5% in the fourth quarter. MML Investors Services LLC now owns 47,913 shares of the company’s stock valued at $5,192,000 after buying an additional 1,185 shares in the last quarter.

iShares U.S. Utilities ETF Stock Down 0.2%

IDU traded down $0.21 during trading hours on Tuesday, hitting $117.56. 36,793 shares of the company’s stock were exchanged, compared to its average volume of 200,471. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 1-year low of $91.91 and a 1-year high of $118.59. The stock’s 50-day moving average is $109.56 and its two-hundred day moving average is $110.42.

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.