iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Short Interest Up 69.6% in July

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 70,096 shares, a growth of 69.6% from the July 15th total of 41,322 shares. Based on an average trading volume of 196,189 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares U.S. Consumer Staples ETF

A number of hedge funds have recently bought and sold shares of the company. Mawer Investment Management Ltd. purchased a new position in iShares U.S. Consumer Staples ETF in the fourth quarter worth about $1,136,000. Unique Wealth LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the first quarter valued at approximately $6,503,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $711,000. Littlejohn Financial Services Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF during the fourth quarter valued at approximately $2,717,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of iShares U.S. Consumer Staples ETF during the first quarter valued at approximately $1,082,000.

iShares U.S. Consumer Staples ETF Stock Up 1.3%

Shares of NYSEARCA IYK traded up $0.99 during trading on Tuesday, reaching $74.63. The company had a trading volume of 67,991 shares, compared to its average volume of 359,038. iShares U.S. Consumer Staples ETF has a 12-month low of $65.21 and a 12-month high of $78.33. The stock has a market cap of $1.41 billion, a PE ratio of 20.18 and a beta of 0.40. The business’s 50-day moving average is $73.93 and its 200 day moving average is $72.77.

iShares U.S. Consumer Staples ETF Company Profile

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.