iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Stock Short Interest Declines 74.8%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 28,761 shares, a decrease of 74.8% from the September 30th total of 114,208 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 443,788 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Consumer Staples ETF Trading Up 1.4%

NYSEARCA IYK traded up $1.07 during trading on Thursday, hitting $77.19. 158,951 shares of the company traded hands, compared to its average volume of 372,660. iShares U.S. Consumer Staples ETF has a 12 month low of $65.21 and a 12 month high of $78.87. The business has a fifty day simple moving average of $74.28 and a 200 day simple moving average of $72.98. The company has a market capitalization of $1.35 billion, a P/E ratio of 20.18 and a beta of 0.40.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtue Capital Management LLC bought a new position in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at approximately $540,000. Greenleaf Trust bought a new stake in iShares U.S. Consumer Staples ETF during the third quarter worth approximately $352,000. MGO One Seven LLC boosted its position in iShares U.S. Consumer Staples ETF by 3.8% during the third quarter. MGO One Seven LLC now owns 122,820 shares of the company’s stock worth $8,687,000 after purchasing an additional 4,496 shares during the period. Partners Wealth Management LLC grew its holdings in iShares U.S. Consumer Staples ETF by 16.0% during the third quarter. Partners Wealth Management LLC now owns 10,313 shares of the company’s stock valued at $729,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in iShares U.S. Consumer Staples ETF during the third quarter valued at approximately $86,000.

About iShares U.S. Consumer Staples ETF

iShares U.S. Consumer Goods ETF (the Fund), formerly iShares Dow Jones U.S .Consumer Goods Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of United States consumer goods stocks, as represented by the Dow Jones United States Consumer Goods Index. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.