iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Down 40.9% in December

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 102,868 shares, a decrease of 40.9% from the November 30th total of 173,980 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 263,872 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 263,872 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the shares of the stock are short sold.

iShares U.S. Utilities ETF Price Performance

iShares U.S. Utilities ETF stock traded down $0.13 during trading on Friday, reaching $108.68. 68,938 shares of the company were exchanged, compared to its average volume of 158,356. The stock’s 50 day simple moving average is $111.28 and its two-hundred day simple moving average is $109.20. The company has a market capitalization of $1.47 billion, a P/E ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 52-week low of $91.91 and a 52-week high of $117.74.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in shares of iShares U.S. Utilities ETF by 34.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,177 shares of the company’s stock valued at $123,000 after buying an additional 299 shares during the period. Osaic Holdings Inc. boosted its holdings in iShares U.S. Utilities ETF by 72.0% during the 2nd quarter. Osaic Holdings Inc. now owns 87,941 shares of the company’s stock valued at $9,202,000 after acquiring an additional 36,800 shares during the period. Grant Private Wealth Management Inc acquired a new position in iShares U.S. Utilities ETF in the 3rd quarter valued at about $541,000. Allworth Financial LP grew its position in iShares U.S. Utilities ETF by 57.4% in the 2nd quarter. Allworth Financial LP now owns 2,200 shares of the company’s stock valued at $230,000 after acquiring an additional 802 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in iShares U.S. Utilities ETF by 18.0% during the second quarter. Cetera Investment Advisers now owns 40,104 shares of the company’s stock worth $4,194,000 after purchasing an additional 6,114 shares during the period.

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.