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 April. As of April 15th, there was short interest totaling 111,433 shares, a growth of 56.6% from the March 31st total of 71,140 shares. Based on an average daily volume of 135,835 shares, the short-interest ratio is presently 0.8 days. Currently, 0.8% of the company’s stock are sold short.

iShares U.S. Utilities ETF Price Performance

iShares U.S. Utilities ETF stock traded down $0.17 during midday trading on Monday, reaching $116.67. The company’s stock had a trading volume of 56,083 shares, compared to its average volume of 204,723. The stock’s 50-day simple moving average is $117.15 and its 200-day simple moving average is $113.19. iShares U.S. Utilities ETF has a 52-week low of $100.00 and a 52-week high of $120.82. The stock has a market capitalization of $1.70 billion, a P/E ratio of 21.72 and a beta of 0.66.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDU. Gamco Investors INC. ET AL purchased a new stake in iShares U.S. Utilities ETF in the second quarter valued at about $269,000. Qube Research & Technologies Ltd raised its stake in 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 buying an additional 1,072 shares during the last quarter. NewEdge Advisors LLC raised 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 valued at $2,181,000 after buying an additional 244 shares during the last quarter. Quantinno Capital Management LP raised 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 valued at $675,000 after buying an additional 2,374 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in iShares U.S. Utilities ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock valued at $21,451,000 after buying an additional 16,173 shares during the last quarter.

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.