iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Down 72.6% in July

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 32,744 shares, a drop of 72.6% from the June 30th total of 119,388 shares. Based on an average daily trading volume, of 65,390 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC lifted its stake in shares of iShares U.S. Utilities ETF by 11.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 2,057 shares of the company’s stock valued at $236,000 after purchasing an additional 206 shares during the last quarter. Evanson Financial LLC purchased a new position in shares of iShares U.S. Utilities ETF in the 2nd quarter worth approximately $548,000. CoreCap Advisors LLC increased its position in shares of iShares U.S. Utilities ETF by 122.2% during the 2nd quarter. CoreCap Advisors LLC now owns 760 shares of the company’s stock valued at $87,000 after purchasing an additional 418 shares during the last quarter. S&A Financial Services Inc. bought a new position in shares of iShares U.S. Utilities ETF during the 1st quarter valued at approximately $560,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of iShares U.S. Utilities ETF during the 1st quarter valued at approximately $6,975,000.

iShares U.S. Utilities ETF Price Performance

Shares of iShares U.S. Utilities ETF stock traded down $1.47 during trading hours on Monday, reaching $115.69. The company’s stock had a trading volume of 161,091 shares, compared to its average volume of 179,630. The firm has a 50 day moving average price of $113.76 and a 200-day moving average price of $114.28. The stock has a market cap of $1.39 billion, a P/E ratio of 21.72 and a beta of 0.58. iShares U.S. Utilities ETF has a one year low of $105.06 and a one year 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.