iShares U.S. Consumer Focused ETF (BATS:IEDI – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 15,391 shares, a growth of 80.5% from the April 30th total of 8,527 shares. Based on an average daily trading volume, of 2,673 shares, the days-to-cover ratio is currently 5.8 days. Currently, 2.8% of the company’s shares are sold short.
iShares U.S. Consumer Focused ETF Stock Performance
Shares of BATS IEDI remained flat at $53.66 during trading on Wednesday. The stock had a trading volume of 2,576 shares, compared to its average volume of 2,637. The stock has a market capitalization of $29.51 million, a P/E ratio of 26.78 and a beta of 1.08. The stock has a fifty day moving average price of $55.32 and a 200-day moving average price of $55.93. iShares U.S. Consumer Focused ETF has a twelve month low of $52.33 and a twelve month high of $58.47.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of IEDI. Allworth Financial LP purchased a new stake in iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $25,000. Osaic Holdings Inc. lifted its holdings in iShares U.S. Consumer Focused ETF by 10.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock worth $132,000 after buying an additional 223 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. purchased a new stake in iShares U.S. Consumer Focused ETF during the 3rd quarter worth about $231,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF in the 2nd quarter valued at about $262,000. Finally, Citadel Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Focused ETF by 26.5% in the 3rd quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock valued at $334,000 after purchasing an additional 1,244 shares during the last quarter.
About iShares U.S. Consumer Focused ETF
The iShares Evolved U.S. Discretionary Spending ETF (IEDI) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Discretionary index. The fund is an actively managed fund of US stocks in the discretionary spending sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.
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