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

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 177,730 shares, a growth of 216.3% from the May 14th total of 56,191 shares. Based on an average daily trading volume, of 227,902 shares, the short-interest ratio is presently 0.8 days. Currently, 1.3% of the company’s stock are sold short.

Institutional Trading of iShares U.S. Utilities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Pinkerton Wealth LLC purchased a new position in shares of iShares U.S. Utilities ETF in the third quarter worth about $37,467,000. Apollon Wealth Management LLC purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth about $631,000. Buck Wealth Strategies LLC purchased a new position in shares of iShares U.S. Utilities ETF in the fourth quarter worth about $853,000. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Utilities ETF by 5.8% in the third quarter. Envestnet Asset Management Inc. now owns 100,330 shares of the company’s stock worth $11,127,000 after purchasing an additional 5,472 shares in the last quarter. Finally, Summit Financial Consulting LLC increased its stake in shares of iShares U.S. Utilities ETF by 10.9% in the fourth quarter. Summit Financial Consulting LLC now owns 65,479 shares of the company’s stock worth $7,095,000 after purchasing an additional 6,446 shares in the last quarter.

iShares U.S. Utilities ETF Trading Up 1.1%

iShares U.S. Utilities ETF stock opened at $112.58 on Friday. iShares U.S. Utilities ETF has a 1-year low of $102.22 and a 1-year high of $120.82. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.72 and a beta of 0.58. The firm’s fifty day moving average price is $114.41 and its two-hundred day moving average price is $113.15.

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.