iShares U.S. Utilities ETF (NYSEARCA:IDU) Short Interest Down 28.2% in February

iShares U.S. Utilities ETF (NYSEARCA:IDU) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 51,116 shares, a decrease of 28.2% from the February 12th total of 71,232 shares. Based on an average trading volume of 61,279 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 61,279 shares, the short-interest ratio is presently 0.8 days.

iShares U.S. Utilities ETF Price Performance

iShares U.S. Utilities ETF stock traded up $0.39 during midday trading on Monday, hitting $119.11. The company’s stock had a trading volume of 79,390 shares, compared to its average volume of 157,739. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 21.72 and a beta of 0.61. iShares U.S. Utilities ETF has a 1-year low of $91.91 and a 1-year high of $120.82. The company has a 50-day moving average price of $113.29 and a two-hundred day moving average price of $111.60.

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

A number of large investors have recently added to or reduced their stakes in IDU. Bank of America Corp DE raised its holdings in iShares U.S. Utilities ETF by 5.5% in the 3rd quarter. Bank of America Corp DE now owns 989,938 shares of the company’s stock valued at $109,784,000 after acquiring an additional 51,642 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of iShares U.S. Utilities ETF by 24,187.0% in the fourth quarter. Hsbc Holdings PLC now owns 728,611 shares of the company’s stock worth $78,952,000 after purchasing an additional 725,611 shares during the period. PGIM Custom Harvest LLC increased its position in shares of iShares U.S. Utilities ETF by 1.0% in the second quarter. PGIM Custom Harvest LLC now owns 459,832 shares of the company’s stock worth $48,085,000 after purchasing an additional 4,412 shares during the period. LPL Financial LLC raised its stake in iShares U.S. Utilities ETF by 14.0% in the fourth quarter. LPL Financial LLC now owns 411,813 shares of the company’s stock valued at $44,624,000 after purchasing an additional 50,692 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in iShares U.S. Utilities ETF by 6.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 404,651 shares of the company’s stock valued at $43,848,000 after purchasing an additional 23,361 shares in the last quarter.

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.