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

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 33,079 shares, a decline of 81.4% from the May 31st total of 177,730 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 127,862 shares, the short-interest ratio is presently 0.3 days.

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

Institutional investors have recently bought and sold shares of the stock. Johnson Investment Counsel Inc. grew its holdings in shares of iShares U.S. Utilities ETF by 3.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,283 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the period. IHT Wealth Management LLC raised its position in shares of iShares U.S. Utilities ETF by 5.8% in the 4th quarter. IHT Wealth Management LLC now owns 1,966 shares of the company’s stock worth $213,000 after acquiring an additional 108 shares in the last quarter. Money Concepts Capital Corp boosted its position in shares of iShares U.S. Utilities ETF by 3.3% during the fourth quarter. Money Concepts Capital Corp now owns 4,055 shares of the company’s stock valued at $439,000 after purchasing an additional 131 shares in the last quarter. Wealth Management Associates Inc. boosted its position in shares of iShares U.S. Utilities ETF by 2.2% during the fourth quarter. Wealth Management Associates Inc. now owns 7,914 shares of the company’s stock valued at $858,000 after purchasing an additional 167 shares in the last quarter. Finally, Sei Investments Co. grew its stake in iShares U.S. Utilities ETF by 2.7% in the first quarter. Sei Investments Co. now owns 6,355 shares of the company’s stock worth $738,000 after purchasing an additional 167 shares during the period.

iShares U.S. Utilities ETF Trading Up 0.6%

Shares of NYSEARCA IDU opened at $115.94 on Friday. iShares U.S. Utilities ETF has a 12 month low of $102.91 and a 12 month high of $120.82. The firm has a market capitalization of $1.59 billion, a PE ratio of 21.72 and a beta of 0.58. The firm has a fifty day simple moving average of $113.62 and a two-hundred day simple moving average of $113.25.

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.