iShares U.S. Consumer Focused ETF (BATS:IEDI) Sees Large Increase in Short Interest

iShares U.S. Consumer Focused ETF (BATS:IEDI) was the recipient 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. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 2,673 shares, the short-interest ratio is currently 5.8 days.

Institutional Trading of iShares U.S. Consumer Focused ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in iShares U.S. Consumer Focused ETF in the 3rd quarter worth about $25,000. Osaic Holdings Inc. lifted its holdings in shares of iShares U.S. Consumer Focused ETF by 10.2% in the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock worth $132,000 after buying an additional 223 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. purchased a new stake in shares of iShares U.S. Consumer Focused ETF in the third quarter worth about $231,000. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares U.S. Consumer Focused ETF in the second quarter valued at approximately $262,000. Finally, Citadel Advisors LLC boosted its position in shares of iShares U.S. Consumer Focused ETF by 26.5% in the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock valued at $334,000 after acquiring an additional 1,244 shares during the period.

iShares U.S. Consumer Focused ETF Trading Down 1.2%

Shares of IEDI stock opened at $54.15 on Tuesday. The stock has a market capitalization of $29.78 million, a P/E ratio of 26.78 and a beta of 1.08. The firm’s 50 day moving average is $55.32 and its 200 day moving average is $55.93. iShares U.S. Consumer Focused ETF has a 12 month low of $52.33 and a 12 month high of $58.47.

iShares U.S. Consumer Focused ETF Company Profile

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.