Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Expands By 56.6%

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant growth in short interest in 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 trading volume of 135,835 shares, the short-interest ratio is currently 0.8 days. Currently, 0.8% of the company’s stock are short sold.

iShares U.S. Utilities ETF Stock Performance

IDU traded down $1.34 on Wednesday, hitting $115.53. 47,769 shares of the company were exchanged, compared to its average volume of 201,067. iShares U.S. Utilities ETF has a 12 month low of $100.00 and a 12 month high of $120.82. The company has a market cap of $1.58 billion, a PE ratio of 21.72 and a beta of 0.66. The stock’s fifty day moving average is $117.14 and its 200-day moving average is $113.21.

Institutional Trading of iShares U.S. Utilities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC bought a new stake in iShares U.S. Utilities ETF in the fourth quarter valued at approximately $30,000. Arax Advisory Partners bought a new stake in iShares U.S. Utilities ETF in the fourth quarter valued at approximately $31,000. BOKF NA bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $35,000. Fifth Third Bancorp bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $39,000. Finally, Rice Partnership LLC bought a new stake in iShares U.S. Utilities ETF in the third quarter valued at approximately $40,000.

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.