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

iShares U.S. Telecommunications ETF (BATS:IYZ) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 447,105 shares, a decrease of 73.5% from the August 31st total of 1,689,443 shares. Based on an average daily volume of 1,004,803 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares U.S. Telecommunications ETF during the second quarter worth about $287,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares U.S. Telecommunications ETF by 133.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,458 shares of the exchange traded fund’s stock worth $1,796,000 after acquiring an additional 24,232 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in iShares U.S. Telecommunications ETF by 12.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,739 shares of the exchange traded fund’s stock valued at $920,000 after acquiring an additional 2,330 shares in the last quarter. Baird Financial Group Inc. bought a new position in iShares U.S. Telecommunications ETF in the 2nd quarter valued at about $858,000. Finally, Compass Financial Management LLC acquired a new position in iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $1,213,000.

iShares U.S. Telecommunications ETF Stock Up 0.2%

Shares of IYZ opened at $41.58 on Friday. The business’s fifty day moving average is $42.36 and its 200 day moving average is $41.94. iShares U.S. Telecommunications ETF has a 12-month low of $31.06 and a 12-month high of $46.07. The stock has a market cap of $767.15 million, a P/E ratio of 14.09 and a beta of 0.90.

About iShares U.S. Telecommunications ETF

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.