iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Down 28.2% in February

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 51,116 shares, a drop of 28.2% from the February 12th total of 71,232 shares. Based on an average daily trading volume, of 61,279 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 61,279 shares, the days-to-cover ratio is presently 0.8 days.

iShares U.S. Utilities ETF Price Performance

NYSEARCA:IDU traded up $1.03 during mid-day trading on Friday, hitting $118.72. The company’s stock had a trading volume of 41,997 shares, compared to its average volume of 159,408. The business’s fifty day moving average is $113.29 and its two-hundred day moving average is $111.58. The stock has a market cap of $1.47 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 $120.82.

Institutional Trading of iShares U.S. Utilities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in iShares U.S. Utilities ETF by 5.5% during the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after acquiring an additional 51,642 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of iShares U.S. Utilities ETF by 24,187.0% during the 4th 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 during the period. PGIM Custom Harvest LLC increased its holdings in shares of iShares U.S. Utilities ETF by 1.0% during the 2nd quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock valued at $48,085,000 after purchasing an additional 4,412 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares U.S. Utilities ETF by 14.0% during the 4th 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of iShares U.S. Utilities ETF by 6.1% in the 4th 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 during the period.

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.