Short Interest in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Drops By 63.6%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 25,528 shares, a decrease of 63.6% from the July 30th total of 70,096 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 241,252 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $1,136,000. Unique Wealth LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF in the 1st quarter worth $6,503,000. Hilltop Holdings Inc. acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the first quarter valued at $1,082,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at $711,000. Finally, Littlejohn Financial Services Inc. acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the fourth quarter valued at $2,717,000.

iShares U.S. Consumer Staples ETF Stock Performance

Shares of IYK stock traded up $0.47 during midday trading on Friday, reaching $75.16. 74,919 shares of the company were exchanged, compared to its average volume of 348,392. iShares U.S. Consumer Staples ETF has a 12 month low of $65.21 and a 12 month high of $78.33. The company has a market cap of $1.42 billion, a P/E ratio of 20.18 and a beta of 0.40. The company’s 50 day moving average price is $74.37 and its two-hundred day moving average price is $72.94.

iShares U.S. Consumer Staples ETF Company Profile

iShares U.S. Consumer Goods ETF (the Fund), formerly iShares Dow Jones U.S .Consumer Goods Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of United States consumer goods stocks, as represented by the Dow Jones United States Consumer Goods Index. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.