Short Interest in iShares U.S. Industrials ETF (BATS:IYJ) Grows By 80.4%

iShares U.S. Industrials ETF (BATS:IYJ) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 175,891 shares, an increase of 80.4% from the July 15th total of 97,483 shares. Based on an average daily trading volume, of 95,127 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.5% of the company’s shares are short sold.

iShares U.S. Industrials ETF Price Performance

IYJ opened at $169.65 on Monday. The firm has a 50 day simple moving average of $163.91 and a 200 day simple moving average of $158.48. iShares U.S. Industrials ETF has a fifty-two week low of $138.90 and a fifty-two week high of $171.25. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 25.86 and a beta of 1.10.

Institutional Trading of iShares U.S. Industrials ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Compass Financial Management LLC acquired a new position in shares of iShares U.S. Industrials ETF in the 2nd quarter valued at $242,000. Trust Co. of Vermont bought a new stake in iShares U.S. Industrials ETF in the second quarter valued at about $37,000. Adirondack Capital Advisors LLC increased its holdings in iShares U.S. Industrials ETF by 10.9% in the second quarter. Adirondack Capital Advisors LLC now owns 24,735 shares of the company’s stock valued at $4,122,000 after purchasing an additional 2,425 shares during the last quarter. Kennicott Capital Management LLC lifted its stake in iShares U.S. Industrials ETF by 9.3% in the second quarter. Kennicott Capital Management LLC now owns 8,805 shares of the company’s stock valued at $1,467,000 after buying an additional 750 shares during the period. Finally, Professional Advisory Services Inc. acquired a new position in iShares U.S. Industrials ETF in the second quarter valued at about $332,000.

About iShares U.S. Industrials ETF

iShares U.S. Industrials ETF, formerly iShares Dow Jones U.S. Industrial Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Industrials Index (the Index). The Index measures the performance of the industrials sector of the United States equity market, and includes companies in the industry groups, such as construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, industrial engineering, industrial transportation and support services.