iShares U.S. Consumer Staples ETF (NYSEARCA:IYK – Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 18,194 shares, a decrease of 37.6% from the April 30th total of 29,153 shares. Based on an average trading volume of 177,582 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
iShares U.S. Consumer Staples ETF Stock Performance
Shares of NYSEARCA:IYK opened at $70.22 on Wednesday. iShares U.S. Consumer Staples ETF has a 1 year low of $65.21 and a 1 year high of $77.70. The stock has a market capitalization of $1.36 billion, a P/E ratio of 20.18 and a beta of 0.42. The stock has a 50-day simple moving average of $70.83 and a 200-day simple moving average of $70.57.
Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF
Several large investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in iShares U.S. Consumer Staples ETF by 9.4% during the first quarter. Arkadios Wealth Advisors now owns 11,094 shares of the company’s stock worth $777,000 after purchasing an additional 956 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in iShares U.S. Consumer Staples ETF in the first quarter worth $477,000. Royal Bank of Canada increased its position in iShares U.S. Consumer Staples ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock worth $21,879,000 after buying an additional 35,963 shares during the period. Quantinno Capital Management LP increased its position in iShares U.S. Consumer Staples ETF by 40.5% in the first quarter. Quantinno Capital Management LP now owns 5,614 shares of the company’s stock worth $393,000 after buying an additional 1,619 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in iShares U.S. Consumer Staples ETF in the first quarter worth $1,632,000.
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.
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