Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Expands By 109.9%

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 107,293 shares, an increase of 109.9% from the February 26th total of 51,116 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 108,168 shares, the short-interest ratio is currently 1.0 days.

iShares U.S. Utilities ETF Price Performance

iShares U.S. Utilities ETF stock traded up $0.32 during mid-day trading on Thursday, reaching $114.81. 73,197 shares of the stock traded hands, compared to its average volume of 169,357. The stock has a market capitalization of $1.42 billion, a PE ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 12-month low of $91.91 and a 12-month high of $120.82. The business’s 50-day moving average is $114.54 and its 200-day moving average is $112.05.

Hedge Funds Weigh In On iShares U.S. Utilities ETF

Institutional investors have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new stake in iShares U.S. Utilities ETF during the second quarter valued at approximately $25,000. Strive Financial Group LLC bought a new position in iShares U.S. Utilities ETF in the fourth quarter worth approximately $30,000. Arax Advisory Partners bought a new stake in shares of iShares U.S. Utilities ETF during the 4th quarter valued at $31,000. BOKF NA bought a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at $35,000. Finally, Fifth Third Bancorp purchased a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter worth $39,000.

About iShares U.S. Utilities ETF

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.