Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Drops By 58.4%

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 37,941 shares, a drop of 58.4% from the July 30th total of 91,205 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 210,136 shares, the short-interest ratio is presently 0.2 days.

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

Institutional investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in shares of iShares U.S. Utilities ETF by 155.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 8,055 shares of the company’s stock worth $911,000 after acquiring an additional 4,897 shares in the last quarter. XML Financial LLC grew its holdings in shares of iShares U.S. Utilities ETF by 7.5% in the second quarter. XML Financial LLC now owns 2,173 shares of the company’s stock valued at $249,000 after purchasing an additional 152 shares in the last quarter. Field & Main Bank purchased a new position in shares of iShares U.S. Utilities ETF in the second quarter valued at $296,000. Trust Co. of Vermont bought a new stake in iShares U.S. Utilities ETF in the second quarter worth $69,000. Finally, Wealthcare Advisory Partners LLC increased its position in iShares U.S. Utilities ETF by 11.1% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,057 shares of the company’s stock worth $236,000 after purchasing an additional 206 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of IDU stock traded down $0.97 during trading hours on Friday, hitting $108.67. The stock had a trading volume of 97,072 shares, compared to its average volume of 176,562. iShares U.S. Utilities ETF has a one year low of $105.06 and a one year high of $120.82. The stock’s 50-day moving average price is $113.41 and its two-hundred day moving average price is $114.65. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58.

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.