iShares U.S. Transportation ETF (BATS:IYT) Sees Large Decrease in Short Interest

iShares U.S. Transportation ETF (BATS:IYT) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 746,818 shares, a decline of 54.0% from the April 30th total of 1,624,055 shares. Based on an average daily volume of 706,523 shares, the short-interest ratio is presently 1.1 days. Currently, 7.4% of the shares of the stock are sold short.

iShares U.S. Transportation ETF Stock Performance

Shares of BATS:IYT opened at $83.80 on Friday. iShares U.S. Transportation ETF has a 52 week low of $64.28 and a 52 week high of $84.74. The company’s fifty day moving average is $78.88 and its 200-day moving average is $77.30. The company has a market capitalization of $846.38 million, a PE ratio of 16.05 and a beta of 1.25.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of iShares U.S. Transportation ETF by 103.4% in the 4th quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 244 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of iShares U.S. Transportation ETF by 165.6% in the 4th quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 265 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares U.S. Transportation ETF by 54.7% in the 4th quarter. Parallel Advisors LLC now owns 990 shares of the exchange traded fund’s stock valued at $74,000 after purchasing an additional 350 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of iShares U.S. Transportation ETF in the 1st quarter valued at $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of iShares U.S. Transportation ETF in the first quarter valued at about $30,000.

About iShares U.S. Transportation ETF

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.