iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Short Interest Up 56.7% in August

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 257,662 shares, an increase of 56.7% from the July 30th total of 164,421 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 108,714 shares, the days-to-cover ratio is currently 2.4 days.

iShares U.S. Consumer Discretionary ETF Stock Up 0.5%

Shares of iShares U.S. Consumer Discretionary ETF stock opened at $100.41 on Thursday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 26.19 and a beta of 1.13. The stock’s 50-day simple moving average is $101.34 and its 200-day simple moving average is $100.95. iShares U.S. Consumer Discretionary ETF has a 52 week low of $93.99 and a 52 week high of $107.36.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in iShares U.S. Consumer Discretionary ETF by 0.9% in the 1st quarter. NewEdge Advisors LLC now owns 13,837 shares of the company’s stock worth $1,222,000 after purchasing an additional 125 shares during the period. CENTRAL TRUST Co raised its position in shares of iShares U.S. Consumer Discretionary ETF by 70.0% during the first quarter. CENTRAL TRUST Co now owns 340 shares of the company’s stock valued at $33,000 after buying an additional 140 shares during the last quarter. Outlook Wealth Advisors LLC raised its position in shares of iShares U.S. Consumer Discretionary ETF by 1.5% during the fourth quarter. Outlook Wealth Advisors LLC now owns 11,111 shares of the company’s stock valued at $1,146,000 after buying an additional 159 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 7.6% in the first quarter. Lido Advisors LLC now owns 2,733 shares of the company’s stock worth $265,000 after buying an additional 192 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of iShares U.S. Consumer Discretionary ETF by 3.6% in the second quarter. EP Wealth Advisors LLC now owns 5,563 shares of the company’s stock worth $554,000 after buying an additional 194 shares in the last quarter.

iShares U.S. Consumer Discretionary ETF Company Profile

The iShares US Consumer Discretionary ETF (IYC) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of US companies that provide consumer services. IYC was launched on Jun 12, 2000 and is managed by BlackRock.