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

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 71,140 shares, a decline 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 daily volume of 218,591 shares, the days-to-cover ratio is presently 0.3 days.

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

Several hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC grew its position in shares of iShares U.S. Utilities ETF by 24,187.0% in the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock valued at $78,952,000 after purchasing an additional 725,611 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter valued at $128,000. Corient Private Wealth LLC grew its position in shares of iShares U.S. Utilities ETF by 940.4% in the fourth quarter. Corient Private Wealth LLC now owns 21,433 shares of the company’s stock valued at $2,322,000 after purchasing an additional 19,373 shares in the last quarter. SHP Wealth Management purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter valued at $76,000. Finally, Strive Financial Group LLC purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter valued at $30,000.

iShares U.S. Utilities ETF Trading Up 0.1%

Shares of NYSEARCA IDU traded up $0.15 during mid-day trading on Tuesday, hitting $117.41. The company had a trading volume of 91,803 shares, compared to its average volume of 167,110. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 21.72 and a beta of 0.66. iShares U.S. Utilities ETF has a 1 year low of $96.83 and a 1 year high of $120.82. The stock’s 50-day moving average price is $116.61 and its 200-day moving average price is $112.99.

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.