iShares U.S. Consumer Focused ETF (BATS:IEDI) Sees Large Increase in Short Interest

iShares U.S. Consumer Focused ETF (BATS:IEDI) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 15,391 shares, a growth of 80.5% from the April 30th total of 8,527 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 2,673 shares, the short-interest ratio is presently 5.8 days.

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

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its position in iShares U.S. Consumer Focused ETF by 13.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,284 shares of the company’s stock valued at $181,000 after acquiring an additional 402 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in shares of iShares U.S. Consumer Focused ETF in the fourth quarter worth $394,000. Allworth Financial LP bought a new stake in shares of iShares U.S. Consumer Focused ETF in the third quarter worth $25,000. Citadel Advisors LLC increased its holdings in iShares U.S. Consumer Focused ETF by 26.5% in the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock valued at $334,000 after purchasing an additional 1,244 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in iShares U.S. Consumer Focused ETF by 817.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,134 shares of the company’s stock worth $852,000 after purchasing an additional 13,484 shares during the last quarter.

iShares U.S. Consumer Focused ETF Trading Down 1.2%

iShares U.S. Consumer Focused ETF stock opened at $54.15 on Tuesday. The stock has a 50-day moving average price of $55.32 and a two-hundred day moving average price of $55.93. iShares U.S. Consumer Focused ETF has a 12 month low of $52.33 and a 12 month high of $58.47. The company has a market capitalization of $29.78 million, a PE ratio of 26.78 and a beta of 1.08.

iShares U.S. Consumer Focused ETF Company Profile

The iShares Evolved U.S. Discretionary Spending ETF (IEDI) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Discretionary index. The fund is an actively managed fund of US stocks in the discretionary spending sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.