iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Decline in Short Interest

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

iShares U.S. Consumer Staples ETF Trading Up 0.6%

NYSEARCA IYK traded up $0.47 during trading hours on Friday, reaching $75.16. The company’s stock had a trading volume of 74,919 shares, compared to its average volume of 348,392. The business has a 50-day simple moving average of $74.37 and a 200 day simple moving average of $72.94. iShares U.S. Consumer Staples ETF has a 52 week low of $65.21 and a 52 week high of $78.33. The stock has a market cap of $1.42 billion, a PE ratio of 20.18 and a beta of 0.40.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

Hedge funds have recently added to or reduced their stakes in the stock. Symphony Financial Services Inc. lifted its position in shares of iShares U.S. Consumer Staples ETF by 3.4% in the 4th quarter. Symphony Financial Services Inc. now owns 4,588 shares of the company’s stock worth $307,000 after acquiring an additional 150 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of iShares U.S. Consumer Staples ETF by 1.5% during the third quarter. Kestra Private Wealth Services LLC now owns 10,763 shares of the company’s stock valued at $736,000 after purchasing an additional 154 shares during the period. IHT Wealth Management LLC increased its position in shares of iShares U.S. Consumer Staples ETF by 1.0% during the fourth quarter. IHT Wealth Management LLC now owns 15,951 shares of the company’s stock valued at $1,067,000 after purchasing an additional 154 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of iShares U.S. Consumer Staples ETF by 1.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,348 shares of the company’s stock valued at $759,000 after purchasing an additional 182 shares in the last quarter. Finally, Conservest Capital Advisors Inc. raised its stake in shares of iShares U.S. Consumer Staples ETF by 0.5% in the third quarter. Conservest Capital Advisors Inc. now owns 44,557 shares of the company’s stock valued at $3,047,000 after purchasing an additional 213 shares in the last quarter.

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.