iShares U.S. Telecommunications ETF (BATS:IYZ) Sees Significant Increase in Short Interest

iShares U.S. Telecommunications ETF (BATS:IYZ) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,492,030 shares, a growth of 288.1% from the April 15th total of 642,062 shares. Based on an average daily trading volume, of 2,620,419 shares, the days-to-cover ratio is currently 1.0 days. Currently, 13.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Advanced Asset Management Advisors Inc lifted its holdings in shares of iShares U.S. Telecommunications ETF by 4.5% during the fourth quarter. Advanced Asset Management Advisors Inc now owns 6,605 shares of the exchange traded fund’s stock worth $224,000 after buying an additional 285 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in iShares U.S. Telecommunications ETF by 0.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 46,603 shares of the exchange traded fund’s stock valued at $1,580,000 after acquiring an additional 415 shares in the last quarter. HighTower Advisors LLC raised its holdings in iShares U.S. Telecommunications ETF by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 39,612 shares of the exchange traded fund’s stock valued at $1,343,000 after acquiring an additional 428 shares in the last quarter. AlphaCore Capital LLC raised its stake in shares of iShares U.S. Telecommunications ETF by 8.4% in the fourth quarter. AlphaCore Capital LLC now owns 6,457 shares of the exchange traded fund’s stock valued at $219,000 after purchasing an additional 500 shares in the last quarter. Finally, CWM LLC raised its stake in shares of iShares U.S. Telecommunications ETF by 28.2% in the fourth quarter. CWM LLC now owns 2,658 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 584 shares in the last quarter.

iShares U.S. Telecommunications ETF Price Performance

iShares U.S. Telecommunications ETF stock opened at $43.40 on Friday. The firm has a market cap of $800.73 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $27.74 and a fifty-two week high of $43.71. The firm has a fifty day moving average price of $40.82 and a two-hundred day moving average price of $36.73.

About iShares U.S. Telecommunications ETF

iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified 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. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.