Short Interest in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Decreases By 37.6%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 18,194 shares, a decline of 37.6% from the April 30th total of 29,153 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 177,582 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Consumer Staples ETF Stock Up 0.0%

NYSEARCA:IYK opened at $70.22 on Wednesday. The stock has a fifty day simple moving average of $70.83 and a 200-day simple moving average of $70.57. iShares U.S. Consumer Staples ETF has a 52-week low of $65.21 and a 52-week high of $77.70. The company has a market capitalization of $1.36 billion, a PE ratio of 20.18 and a beta of 0.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IYK. JPMorgan Chase & Co. raised its stake in iShares U.S. Consumer Staples ETF by 3.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,807 shares of the company’s stock valued at $2,030,000 after purchasing an additional 1,065 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 2nd quarter valued at about $605,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 2nd quarter valued at about $185,000. NewEdge Advisors LLC increased its stake in shares of iShares U.S. Consumer Staples ETF by 213.1% during the 2nd quarter. NewEdge Advisors LLC now owns 73,292 shares of the company’s stock valued at $5,166,000 after acquiring an additional 49,887 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of iShares U.S. Consumer Staples ETF by 31.7% during the 2nd quarter. Quantinno Capital Management LP now owns 4,907 shares of the company’s stock valued at $346,000 after acquiring an additional 1,180 shares during the last quarter.

iShares U.S. Consumer Staples ETF Company Profile

iShares U.S. Consumer Goods ETF (the Fund), formerly iShares Dow Jones U.S .Consumer Goods Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of United States consumer goods stocks, as represented by the Dow Jones United States Consumer Goods Index. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.