Short Interest in iShares U.S. Utilities ETF (NYSEARCA:IDU) Grows By 178.5%

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 91,205 shares, an increase of 178.5% from the July 15th total of 32,744 shares. Based on an average daily trading volume, of 155,706 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Trading of iShares U.S. Utilities ETF

A number of institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter valued at $269,000. Qube Research & Technologies Ltd grew its stake in shares of iShares U.S. Utilities ETF by 99.8% during the second 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 period. NewEdge Advisors LLC grew its stake in shares of iShares U.S. Utilities ETF by 1.2% during the second 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 period. Quantinno Capital Management LP increased its holdings in iShares U.S. Utilities ETF by 58.2% in the second quarter. Quantinno Capital Management LP now owns 6,455 shares of the company’s stock valued at $675,000 after purchasing an additional 2,374 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in iShares U.S. Utilities ETF by 8.6% in the second quarter. Raymond James Financial Inc. now owns 205,135 shares of the company’s stock valued at $21,451,000 after purchasing an additional 16,173 shares during the last quarter.

iShares U.S. Utilities ETF Price Performance

IDU opened at $112.53 on Friday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. The firm has a 50 day simple moving average of $113.71 and a 200 day simple moving average of $114.60. iShares U.S. Utilities ETF has a fifty-two week low of $105.06 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.