iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Short Interest Update

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 15,700 shares, a decrease of 61.8% from the May 15th total of 41,100 shares. Based on an average daily volume of 40,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Integrity Alliance LLC. bought a new stake in shares of iShares Dow Jones U.S. ETF in the 1st quarter valued at approximately $223,000. Aspen Investment Management Inc acquired a new position in iShares Dow Jones U.S. ETF in the first quarter valued at about $239,000. Goldman Sachs Group Inc. raised its stake in shares of iShares Dow Jones U.S. ETF by 87.0% in the first quarter. Goldman Sachs Group Inc. now owns 24,668 shares of the company’s stock worth $3,357,000 after acquiring an additional 11,474 shares during the last quarter. NewEdge Advisors LLC boosted its position in iShares Dow Jones U.S. ETF by 40.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,680 shares of the company’s stock valued at $773,000 after buying an additional 1,629 shares during the last quarter. Finally, Comerica Bank raised its holdings in iShares Dow Jones U.S. ETF by 1.2% during the 1st quarter. Comerica Bank now owns 33,653 shares of the company’s stock worth $4,580,000 after purchasing an additional 397 shares during the last quarter.

iShares Dow Jones U.S. ETF Trading Down 0.9%

NYSEARCA:IYY traded down $1.35 on Friday, hitting $145.79. 2,916 shares of the stock were exchanged, compared to its average volume of 40,449. The stock has a market cap of $2.36 billion, a PE ratio of 24.35 and a beta of 1.03. iShares Dow Jones U.S. ETF has a fifty-two week low of $116.99 and a fifty-two week high of $149.87. The stock has a fifty day moving average of $137.74 and a 200-day moving average of $141.68.

About iShares Dow Jones U.S. ETF

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index.