iShares U.S. Utilities ETF (NYSEARCA:IDU) Sees Large Decrease in Short Interest

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 102,868 shares, a drop of 40.9% from the November 30th total of 173,980 shares. Based on an average trading volume of 263,872 shares, the short-interest ratio is currently 0.4 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 263,872 shares, the short-interest ratio is currently 0.4 days.

iShares U.S. Utilities ETF Stock Down 0.1%

Shares of IDU traded down $0.13 on Friday, reaching $108.68. The stock had a trading volume of 68,938 shares, compared to its average volume of 158,356. The firm has a market capitalization of $1.47 billion, a PE ratio of 21.72 and a beta of 0.61. The firm has a 50-day moving average of $111.28 and a 200 day moving average of $109.20. iShares U.S. Utilities ETF has a twelve month low of $91.91 and a twelve month high of $117.74.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IDU. Rise Advisors LLC boosted its position in shares of iShares U.S. Utilities ETF by 15.6% in the 1st quarter. Rise Advisors LLC now owns 1,133 shares of the company’s stock worth $115,000 after buying an additional 153 shares in the last quarter. Jones Financial Companies Lllp raised its position in iShares U.S. Utilities ETF by 509.8% during the first quarter. Jones Financial Companies Lllp now owns 90,746 shares of the company’s stock worth $9,203,000 after acquiring an additional 75,864 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the first quarter valued at about $3,802,000. Wealth Management Associates Inc. lifted its holdings in shares of iShares U.S. Utilities ETF by 9.8% in the first quarter. Wealth Management Associates Inc. now owns 6,851 shares of the company’s stock valued at $695,000 after purchasing an additional 614 shares in the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of iShares U.S. Utilities ETF by 30.2% in the second quarter. HBW Advisory Services LLC now owns 5,951 shares of the company’s stock valued at $622,000 after purchasing an additional 1,379 shares during the last quarter.

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.