iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Update

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 111,433 shares, an increase of 56.6% from the March 31st total of 71,140 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 135,835 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IDU. Gamco Investors INC. ET AL bought a new position in shares of iShares U.S. Utilities ETF in the second quarter valued at about $269,000. Qube Research & Technologies Ltd raised its holdings in iShares U.S. Utilities ETF by 99.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,146 shares of the company’s stock worth $224,000 after purchasing an additional 1,072 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares U.S. Utilities ETF by 1.2% during the 2nd quarter. NewEdge Advisors LLC now owns 20,855 shares of the company’s stock worth $2,181,000 after purchasing an additional 244 shares during the last quarter. Quantinno Capital Management LP raised its holdings in iShares U.S. Utilities ETF by 58.2% during the 2nd quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock worth $675,000 after purchasing an additional 2,374 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in iShares U.S. Utilities ETF by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock worth $21,451,000 after purchasing an additional 16,173 shares during the last quarter.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA IDU traded down $1.42 during midday trading on Wednesday, reaching $115.45. 33,021 shares of the company traded hands, compared to its average volume of 200,836. The stock’s 50-day simple moving average is $117.14 and its 200-day simple moving average is $113.21. iShares U.S. Utilities ETF has a 12 month low of $100.00 and a 12 month high of $120.82. The firm has a market cap of $1.58 billion, a PE ratio of 21.72 and a beta of 0.66.

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.