iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Growth in Short Interest

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 86,700 shares, an increase of 95.7% from the May 15th total of 44,300 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 306,200 shares, the days-to-cover ratio is currently 0.3 days.

iShares U.S. Consumer Staples ETF Stock Down 0.1%

Shares of iShares U.S. Consumer Staples ETF stock traded down $0.06 during trading on Monday, reaching $70.29. The company’s stock had a trading volume of 59,145 shares, compared to its average volume of 176,349. The business’s 50-day moving average price is $70.49 and its 200-day moving average price is $68.80. iShares U.S. Consumer Staples ETF has a 52 week low of $63.18 and a 52 week high of $73.25. The firm has a market cap of $1.51 billion, a PE ratio of 22.37 and a beta of 0.61.

Institutional Trading of iShares U.S. Consumer Staples ETF

Institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 4th quarter worth approximately $241,000. Allworth Financial LP boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 836.2% in the 4th quarter. Allworth Financial LP now owns 2,303 shares of the company’s stock valued at $149,000 after purchasing an additional 2,057 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of iShares U.S. Consumer Staples ETF by 12.8% in the 4th quarter. D.A. Davidson & CO. now owns 13,458 shares of the company’s stock valued at $883,000 after purchasing an additional 1,526 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of iShares U.S. Consumer Staples ETF by 12.7% during the 4th quarter. Global Retirement Partners LLC now owns 4,727 shares of the company’s stock worth $310,000 after buying an additional 532 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 2.9% during the 4th quarter. Private Advisor Group LLC now owns 21,858 shares of the company’s stock worth $1,434,000 after buying an additional 619 shares during the last quarter.

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.