iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,689,443 shares, an increase of 84.3% from the August 15th total of 916,797 shares. Based on an average trading volume of 742,353 shares, the short-interest ratio is currently 2.3 days. Approximately 9.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On iShares U.S. Telecommunications ETF
Several institutional investors and hedge funds have recently bought and sold shares of IYZ. Integrated Wealth Concepts LLC boosted its holdings in shares of iShares U.S. Telecommunications ETF by 12.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,739 shares of the exchange traded fund’s stock valued at $920,000 after purchasing an additional 2,330 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth $858,000. Compass Financial Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth $1,213,000. Three Seasons Wealth LLC lifted its position in shares of iShares U.S. Telecommunications ETF by 95.3% during the 2nd quarter. Three Seasons Wealth LLC now owns 249,263 shares of the exchange traded fund’s stock worth $10,546,000 after buying an additional 121,621 shares during the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in iShares U.S. Telecommunications ETF in the second quarter valued at about $28,000.
iShares U.S. Telecommunications ETF Price Performance
Shares of BATS IYZ opened at $42.32 on Wednesday. The business has a fifty day moving average price of $42.25 and a two-hundred day moving average price of $41.83. The stock has a market capitalization of $780.80 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a fifty-two week low of $31.06 and a fifty-two week high of $46.07.
iShares U.S. Telecommunications ETF Company Profile
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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