iShares U.S. Utilities ETF (NYSEARCA:IDU) Stock Short Interest Report for October

iShares U.S. Utilities ETF (NYSEARCA:IDU) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 188,550 shares, a growth of 166.3% from the October 15th total of 70,792 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 220,722 shares, the short-interest ratio is currently 0.9 days.

iShares U.S. Utilities ETF Stock Performance

Shares of NYSEARCA:IDU opened at $112.29 on Friday. The business has a fifty day moving average of $106.95 and a 200-day moving average of $112.39. iShares U.S. Utilities ETF has a twelve month low of $100.00 and a twelve month high of $120.82. The firm has a market cap of $1.39 billion, a PE ratio of 21.72 and a beta of 0.54.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

A number of hedge funds have recently added to or reduced their stakes in IDU. Russell Investments Group Ltd. bought a new position in shares of iShares U.S. Utilities ETF in the third quarter worth about $34,000. Signaturefd LLC acquired a new position in shares of iShares U.S. Utilities ETF during the third quarter worth approximately $35,000. Western Wealth Management LLC acquired a new position in shares of iShares U.S. Utilities ETF during the first quarter worth approximately $38,000. Matrix Private Capital Group LLC acquired a new position in shares of iShares U.S. Utilities ETF during the first quarter worth approximately $46,000. Finally, Parallel Advisors LLC bought a new stake in shares of iShares U.S. Utilities ETF during the third quarter valued at approximately $51,000.

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.