iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Stock Short Interest Report for October

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 28,761 shares, a decline of 74.8% from the September 30th total of 114,208 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 443,788 shares, the days-to-cover ratio is presently 0.1 days.

iShares U.S. Consumer Staples ETF Trading Down 0.4%

Shares of iShares U.S. Consumer Staples ETF stock traded down $0.32 during trading on Wednesday, reaching $76.12. The stock had a trading volume of 177,487 shares, compared to its average volume of 373,693. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40. The stock has a fifty day moving average price of $74.21 and a two-hundred day moving average price of $72.89. iShares U.S. Consumer Staples ETF has a 52 week low of $65.21 and a 52 week high of $78.87.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

Several hedge funds have recently made changes to their positions in IYK. Royal Bank of Canada lifted its position in shares of iShares U.S. Consumer Staples ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock worth $21,879,000 after purchasing an additional 35,963 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of iShares U.S. Consumer Staples ETF by 1.4% during the 1st quarter. Cetera Investment Advisers now owns 214,107 shares of the company’s stock worth $14,994,000 after purchasing an additional 2,935 shares in the last quarter. Unique Wealth LLC raised its stake in shares of iShares U.S. Consumer Staples ETF by 1.6% during the 2nd quarter. Unique Wealth LLC now owns 94,306 shares of the company’s stock worth $6,852,000 after purchasing an additional 1,449 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 46.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock valued at $5,754,000 after buying an additional 24,941 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of iShares U.S. Consumer Staples ETF by 2.8% in the 1st quarter. NewEdge Advisors LLC now owns 46,550 shares of the company’s stock valued at $3,260,000 after buying an additional 1,267 shares during the last quarter.

iShares U.S. Consumer Staples ETF Company Profile

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.