Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Drops By 33.7%

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 71,140 shares, a decrease of 33.7% from the March 15th total of 107,293 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 218,591 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of iShares U.S. Utilities ETF

Large investors have recently made changes to their positions in the business. Sovran Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $920,000. Brendel Financial Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $951,000. Commonwealth Equity Services LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 9.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock valued at $13,167,000 after acquiring an additional 10,594 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of iShares U.S. Utilities ETF by 72.0% in the 2nd quarter. Osaic Holdings Inc. now owns 87,941 shares of the company’s stock valued at $9,202,000 after acquiring an additional 36,800 shares during the last quarter. Finally, Lifestyle Asset Management Inc. purchased a new stake in shares of iShares U.S. Utilities ETF in the 3rd quarter valued at $1,631,000.

iShares U.S. Utilities ETF Trading Down 0.9%

Shares of IDU stock traded down $1.10 during trading hours on Wednesday, hitting $116.31. The company’s stock had a trading volume of 93,685 shares, compared to its average volume of 166,076. The company has a 50 day moving average of $116.75 and a 200 day moving average of $113.01. The stock has a market cap of $1.67 billion, a PE ratio of 21.72 and a beta of 0.66. iShares U.S. Utilities ETF has a 12-month low of $96.83 and a 12-month high of $120.82.

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.