iShares U.S. Telecommunications ETF (BATS:IYZ) Short Interest Update

iShares U.S. Telecommunications ETF (BATS:IYZ) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,492,030 shares, an increase of 288.1% from the April 15th total of 642,062 shares. Based on an average trading volume of 2,620,419 shares, the days-to-cover ratio is presently 1.0 days. Currently, 13.5% of the shares of the stock are short sold.

iShares U.S. Telecommunications ETF Stock Performance

iShares U.S. Telecommunications ETF stock opened at $41.86 on Thursday. iShares U.S. Telecommunications ETF has a one year low of $27.74 and a one year high of $43.63. The business has a fifty day moving average of $40.74 and a two-hundred day moving average of $36.65. The company has a market cap of $772.32 million, a P/E ratio of 14.09 and a beta of 0.90.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IYZ. Citigroup Inc. lifted its holdings in iShares U.S. Telecommunications ETF by 140.2% in the third quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock valued at $67,281,000 after acquiring an additional 1,217,487 shares during the period. Camarda Financial Advisors LLC acquired a new stake in iShares U.S. Telecommunications ETF in the second quarter valued at $13,789,000. Advisortrust Partners LLC acquired a new stake in iShares U.S. Telecommunications ETF in the first quarter valued at $12,322,000. Moloney Securities Asset Management LLC acquired a new stake in iShares U.S. Telecommunications ETF in the third quarter valued at $9,288,000. Finally, BNP Paribas Financial Markets lifted its holdings in iShares U.S. Telecommunications ETF by 50.0% in the third quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock valued at $27,463,000 after acquiring an additional 283,692 shares during the period.

iShares U.S. Telecommunications ETF Company Profile

iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.