iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 56,191 shares, a decrease of 54.6% from the April 30th total of 123,719 shares. Based on an average daily volume of 282,904 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional Trading of iShares U.S. Utilities ETF
Several large investors have recently bought and sold shares of IDU. Hsbc Holdings PLC grew its stake in iShares U.S. Utilities ETF by 24,187.0% during the 4th 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 in the last quarter. Bank of America Corp DE grew its stake in iShares U.S. Utilities ETF by 88.0% during the 2nd quarter. Bank of America Corp DE now owns 938,296 shares of the company’s stock valued at $98,118,000 after acquiring an additional 439,316 shares in the last quarter. Pinkerton Wealth LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at about $37,467,000. Sherman Porfolios LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at about $25,699,000. Finally, Cresset Asset Management LLC purchased a new stake in iShares U.S. Utilities ETF during the 3rd quarter valued at about $18,800,000.
iShares U.S. Utilities ETF Stock Performance
Shares of IDU traded down $0.50 during mid-day trading on Friday, hitting $112.11. 120,880 shares of the company were exchanged, compared to its average volume of 210,849. iShares U.S. Utilities ETF has a 1-year low of $102.22 and a 1-year high of $120.82. The company has a 50 day moving average of $115.20 and a 200-day moving average of $113.22. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61.
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.
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