Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Increases By 109.9%

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 107,293 shares, an increase of 109.9% from the February 26th total of 51,116 shares. Based on an average trading volume of 108,168 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of iShares U.S. Utilities ETF by 5.5% during the third quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock worth $109,784,000 after acquiring an additional 51,642 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in 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 acquiring an additional 725,611 shares during the last quarter. PGIM Custom Harvest LLC increased its position in iShares U.S. Utilities ETF by 1.0% in the second quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock worth $48,085,000 after purchasing an additional 4,412 shares during the period. LPL Financial LLC increased its position in iShares U.S. Utilities ETF by 14.0% in the fourth quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock worth $44,624,000 after purchasing an additional 50,692 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in iShares U.S. Utilities ETF by 6.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock worth $43,848,000 after purchasing an additional 23,361 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

Shares of IDU opened at $115.34 on Friday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61. The business’s 50-day moving average is $114.72 and its 200-day moving average is $112.14. iShares U.S. Utilities ETF has a fifty-two week low of $91.91 and a fifty-two week high of $120.82.

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.