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

iShares U.S. Telecommunications ETF (BATS:IYZ) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,689,443 shares, an increase of 84.3% from the August 15th total of 916,797 shares. Based on an average daily volume of 742,353 shares, the days-to-cover ratio is currently 2.3 days. Approximately 9.2% of the shares of the stock are sold short.

iShares U.S. Telecommunications ETF Stock Performance

Shares of iShares U.S. Telecommunications ETF stock opened at $42.07 on Thursday. iShares U.S. Telecommunications ETF has a one year low of $31.06 and a one year high of $46.07. The company has a market cap of $776.19 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The business’s 50 day moving average price is $42.27 and its 200 day moving average price is $41.86.

Institutional Trading of iShares U.S. Telecommunications ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in iShares U.S. Telecommunications ETF by 25.5% during the first quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock worth $70,243,000 after buying an additional 363,423 shares during the period. Advisortrust Partners LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter valued at approximately $12,322,000. WealthCare Asset Management LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter valued at approximately $7,871,000. Three Seasons Wealth LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 95.3% in the 2nd quarter. Three Seasons Wealth LLC now owns 249,263 shares of the exchange traded fund’s stock worth $10,546,000 after acquiring an additional 121,621 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 179.1% in the 2nd quarter. CoreCap Advisors LLC now owns 145,979 shares of the exchange traded fund’s stock worth $6,176,000 after acquiring an additional 93,680 shares during the last quarter.

iShares U.S. Telecommunications ETF Company Profile

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.