iShares U.S. Telecommunications ETF (BATS:IYZ) Short Interest Down 34.8% in June

iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 959,298 shares, a drop of 34.8% from the June 15th total of 1,471,292 shares. Currently, 5.2% of the company’s shares are sold short. Based on an average daily volume of 1,554,435 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

Several large investors have recently modified their holdings of the business. WFA of San Diego LLC purchased a new position in iShares U.S. Telecommunications ETF during the second quarter valued at approximately $25,000. Concord Wealth Partners purchased a new stake in iShares U.S. Telecommunications ETF during the fourth quarter worth $34,000. Western Wealth Management LLC bought a new stake in iShares U.S. Telecommunications ETF during the 1st quarter valued at $34,000. Allworth Financial LP boosted its position in iShares U.S. Telecommunications ETF by 4,732.3% during the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Miller Global Investments LLC bought a new stake in iShares U.S. Telecommunications ETF during the 4th quarter valued at $60,000.

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iShares U.S. Telecommunications ETF Trading Down 1.3%

Shares of IYZ stock opened at $40.03 on Friday. The stock has a market capitalization of $738.55 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a twelve month low of $29.15 and a twelve month high of $46.07. The stock has a fifty day simple moving average of $42.56 and a two-hundred day simple moving average of $39.85.

About iShares U.S. Telecommunications ETF

(Get Free Report)

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.

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