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

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 37,196 shares, a decrease of 66.9% from the December 31st total of 112,225 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 317,264 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 317,264 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new stake in shares of iShares U.S. Utilities ETF during the 2nd quarter worth $25,000. BOKF NA bought a new stake in iShares U.S. Utilities ETF in the third quarter worth about $35,000. Hilltop National Bank purchased a new position in iShares U.S. Utilities ETF in the second quarter valued at about $38,000. Fifth Third Bancorp purchased a new stake in shares of iShares U.S. Utilities ETF during the 3rd quarter worth approximately $39,000. Finally, Rice Partnership LLC purchased a new position in iShares U.S. Utilities ETF in the third quarter valued at approximately $40,000.

iShares U.S. Utilities ETF Stock Down 0.2%

NYSEARCA:IDU traded down $0.19 during trading hours on Wednesday, hitting $110.31. 47,131 shares of the company traded hands, compared to its average volume of 245,271. The company has a market cap of $1.51 billion, a PE ratio of 21.72 and a beta of 0.61. The firm’s 50-day simple moving average is $109.51 and its 200-day simple moving average is $109.97. iShares U.S. Utilities ETF has a one year low of $91.91 and a one year high of $117.74.

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.