iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Down 14.9% in January

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 31,644 shares, a drop of 14.9% from the January 15th total of 37,196 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 217,598 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 217,598 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

iShares U.S. Utilities ETF Stock Performance

IDU opened at $117.77 on Monday. The company has a market cap of $1.45 billion, a PE ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 1 year low of $91.91 and a 1 year high of $117.93. The firm has a 50 day moving average price of $109.36 and a 200 day moving average price of $110.36.

Institutional Trading of iShares U.S. Utilities ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Sovran Advisors LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter valued at approximately $920,000. Brendel Financial Advisors LLC acquired a new position in iShares U.S. Utilities ETF in the third quarter worth $951,000. Commonwealth Equity Services LLC increased its stake in iShares U.S. Utilities ETF by 9.8% during the third quarter. Commonwealth Equity Services LLC now owns 118,733 shares of the company’s stock valued at $13,167,000 after purchasing an additional 10,594 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of iShares U.S. Utilities ETF by 72.0% during the second quarter. Osaic Holdings Inc. now owns 87,941 shares of the company’s stock worth $9,202,000 after purchasing an additional 36,800 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in shares of iShares U.S. Utilities ETF by 17.4% in the 3rd quarter. AE Wealth Management LLC now owns 95,948 shares of the company’s stock valued at $10,641,000 after buying an additional 14,252 shares during the period.

iShares U.S. Utilities ETF Company Profile

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.