iShares U.S. Consumer Focused ETF (BATS:IEDI) Short Interest Update

iShares U.S. Consumer Focused ETF (BATS:IEDI) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 15,391 shares, a growth of 80.5% from the April 30th total of 8,527 shares. Based on an average trading volume of 2,673 shares, the short-interest ratio is currently 5.8 days. Currently, 2.8% of the company’s stock are short sold.

Institutional Trading of iShares U.S. Consumer Focused ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new stake in iShares U.S. Consumer Focused ETF during the third quarter worth about $25,000. Osaic Holdings Inc. raised its holdings in iShares U.S. Consumer Focused ETF by 10.2% during the second quarter. Osaic Holdings Inc. now owns 2,405 shares of the company’s stock worth $132,000 after acquiring an additional 223 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. bought a new stake in iShares U.S. Consumer Focused ETF during the third quarter worth about $231,000. B. Riley Wealth Advisors Inc. bought a new stake in iShares U.S. Consumer Focused ETF during the second quarter worth about $262,000. Finally, Citadel Advisors LLC raised its holdings in iShares U.S. Consumer Focused ETF by 26.5% during the third quarter. Citadel Advisors LLC now owns 5,930 shares of the company’s stock worth $334,000 after acquiring an additional 1,244 shares in the last quarter.

iShares U.S. Consumer Focused ETF Stock Performance

IEDI opened at $53.90 on Thursday. iShares U.S. Consumer Focused ETF has a 52-week low of $52.33 and a 52-week high of $58.47. The firm has a market capitalization of $29.65 million, a PE ratio of 26.78 and a beta of 1.08. The business’s 50-day simple moving average is $55.33 and its 200 day simple moving average is $55.93.

About iShares U.S. Consumer Focused ETF

The iShares Evolved U.S. Discretionary Spending ETF (IEDI) is an exchange-traded fund that is based on the MSCI USA IMI Consumer Discretionary index. The fund is an actively managed fund of US stocks in the discretionary spending sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high US Consumer Score. IEDI was launched on Mar 21, 2018 and is managed by BlackRock.