iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Stock Short Interest Drops 61.5%

iShares Dow Jones U.S. ETF (NYSEARCA:IYY – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 2,033 shares, a decrease of 61.5% from the September 30th total of 5,274 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,409 shares, the short-interest ratio is currently 0.1 days.

iShares Dow Jones U.S. ETF Stock Up 0.4%

Shares of NYSEARCA:IYY opened at $187.71 on Thursday. The firm has a market cap of $3.02 billion, a P/E ratio of 25.52 and a beta of 1.01. iShares Dow Jones U.S. ETF has a 12 month low of $153.32 and a 12 month high of $190.10. The company’s 50-day moving average price is $186.72 and its two-hundred day moving average price is $177.15.

Institutional Trading of iShares Dow Jones U.S. ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of iShares Dow Jones U.S. ETF by 27.5% in the 1st quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after buying an additional 53,715 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of iShares Dow Jones U.S. ETF by 202.5% in the 1st quarter. Kestra Advisory Services LLC now owns 105,487 shares of the company’s stock valued at $16,714,000 after purchasing an additional 70,621 shares during the last quarter. Royal Bank of Canada grew its position in shares of iShares Dow Jones U.S. ETF by 1.3% during the 1st quarter. Royal Bank of Canada now owns 77,895 shares of the company’s stock worth $12,342,000 after buying an additional 1,018 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares Dow Jones U.S. ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,050 shares of the company’s stock worth $8,029,000 after buying an additional 506 shares during the period. Finally, Aspiriant LLC bought a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter worth approximately $5,515,000.

iShares Dow Jones U.S. ETF Company Profile

(Get Free Report)

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded 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. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

Further Reading

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