Short Interest in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Drops By 63.6%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 25,528 shares, a decrease of 63.6% from the July 30th total of 70,096 shares. Based on an average trading volume of 241,252 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in iShares U.S. Consumer Staples ETF by 10,421.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 56,383,123 shares of the company’s stock worth $3,773,159,000 after buying an additional 55,847,256 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of iShares U.S. Consumer Staples ETF by 54.2% in the second quarter. Bank of America Corp DE now owns 961,699 shares of the company’s stock valued at $67,781,000 after buying an additional 338,017 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 945,393 shares of the company’s stock valued at $63,266,000 after acquiring an additional 82,230 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of iShares U.S. Consumer Staples ETF by 10.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 538,120 shares of the company’s stock valued at $36,011,000 after acquiring an additional 52,463 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of iShares U.S. Consumer Staples ETF by 7.3% during the 3rd quarter. UBS Group AG now owns 501,782 shares of the company’s stock worth $34,317,000 after acquiring an additional 33,969 shares in the last quarter.

iShares U.S. Consumer Staples ETF Stock Performance

Shares of NYSEARCA:IYK traded up $0.47 during trading hours on Friday, hitting $75.16. 74,919 shares of the company’s stock traded hands, compared to its average volume of 348,392. The company’s fifty day simple moving average is $74.37 and its two-hundred day simple moving average is $72.94. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. iShares U.S. Consumer Staples ETF has a 52 week low of $65.21 and a 52 week high of $78.33.

About iShares U.S. Consumer Staples ETF

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.