iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Significant Increase in Short Interest

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 71,232 shares, an increase of 125.1% from the January 29th total of 31,644 shares. Based on an average trading volume of 83,150 shares, the short-interest ratio is currently 0.9 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 83,150 shares, the short-interest ratio is currently 0.9 days.

iShares U.S. Utilities ETF Stock Performance

Shares of IDU stock opened at $119.25 on Friday. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $119.56. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61. The firm’s 50-day moving average is $111.04 and its 200-day moving average is $110.85.

Institutional Trading of iShares U.S. Utilities ETF

Hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC raised its stake in iShares U.S. Utilities ETF by 3,828.9% in the 4th quarter. Corient Private Wealth LLC now owns 80,935 shares of the company’s stock valued at $8,770,000 after acquiring an additional 78,875 shares during the period. Strive Financial Group LLC bought a new position in iShares U.S. Utilities ETF during the fourth quarter worth $30,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of iShares U.S. Utilities ETF by 4.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,351 shares of the company’s stock valued at $688,000 after purchasing an additional 282 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter valued at about $2,336,000. Finally, EP Wealth Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF in the fourth quarter valued at about $292,000.

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.