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

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 119,388 shares, a growth of 260.9% from the June 15th total of 33,079 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 83,400 shares, the short-interest ratio is currently 1.4 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC increased its position in iShares U.S. Utilities ETF by 24,187.0% in the 4th quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after acquiring an additional 725,611 shares during the period. Bank of America Corp DE increased its holdings in shares of iShares U.S. Utilities ETF by 88.0% during the second quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock valued at $98,118,000 after purchasing an additional 439,316 shares during the period. Sherman Porfolios LLC acquired a new stake in iShares U.S. Utilities ETF in the third quarter worth about $25,699,000. Camarda Financial Advisors LLC acquired a new stake in iShares U.S. Utilities ETF in the second quarter worth about $13,327,000. Finally, Goldman Sachs Group Inc. grew its position in iShares U.S. Utilities ETF by 629.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 127,535 shares of the company’s stock valued at $13,820,000 after buying an additional 110,043 shares in the last quarter.

iShares U.S. Utilities ETF Trading Down 0.1%

NYSEARCA:IDU traded down $0.11 during mid-day trading on Tuesday, hitting $115.94. The stock had a trading volume of 50,667 shares, compared to its average volume of 184,617. The company has a 50 day simple moving average of $113.44 and a 200-day simple moving average of $113.84. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a 52 week low of $104.09 and a 52 week high of $120.82.

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.