iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 102,868 shares, a decline of 40.9% from the November 30th total of 173,980 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 263,872 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 263,872 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the company’s stock are short sold.
iShares U.S. Utilities ETF Stock Performance
Shares of iShares U.S. Utilities ETF stock traded up $0.24 during trading hours on Monday, reaching $108.92. The company’s stock had a trading volume of 50,734 shares, compared to its average volume of 157,922. The company has a market capitalization of $1.47 billion, a P/E ratio of 21.72 and a beta of 0.61. The stock’s fifty day simple moving average is $111.28 and its two-hundred day simple moving average is $109.24. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $117.74.
Hedge Funds Weigh In On iShares U.S. Utilities ETF
Hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of iShares U.S. Utilities ETF in the second quarter worth approximately $25,000. BOKF NA bought a new stake in iShares U.S. Utilities ETF during the third quarter worth $35,000. Hilltop National Bank bought a new stake in iShares U.S. Utilities ETF during the second quarter worth $38,000. Fifth Third Bancorp purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $39,000. Finally, Rice Partnership LLC purchased a new stake in iShares U.S. Utilities ETF in the 3rd quarter valued at $40,000.
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.
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