iShares U.S. Transportation ETF (BATS:IYT) Short Interest Update

iShares U.S. Transportation ETF (BATS:IYT) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 790,161 shares, a decrease of 43.3% from the May 31st total of 1,393,784 shares. Based on an average daily volume of 607,376 shares, the short-interest ratio is presently 1.3 days. Currently, 7.8% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IYT. CWM LLC increased its holdings in iShares U.S. Transportation ETF by 103.4% during the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 244 shares during the last quarter. North Star Investment Management Corp. lifted its stake in iShares U.S. Transportation ETF by 165.6% in the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 265 shares during the last quarter. Parallel Advisors LLC grew its position 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 acquiring an additional 350 shares during the period. Cornerstone Planning Group LLC bought a new position in shares of iShares U.S. Transportation ETF in the 1st quarter valued at about $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of iShares U.S. Transportation ETF in the 1st quarter valued at about $30,000.

iShares U.S. Transportation ETF Stock Down 1.0%

IYT stock opened at $86.75 on Wednesday. The company has a market cap of $876.17 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a twelve month low of $66.28 and a twelve month high of $87.97. The business has a 50 day moving average price of $82.94 and a two-hundred day moving average price of $79.30.

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.