iShares U.S. Telecommunications ETF (BATS:IYZ) Sees Large Increase in Short Interest

iShares U.S. Telecommunications ETF (BATS:IYZ) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,492,030 shares, an increase of 288.1% from the April 15th total of 642,062 shares. Currently, 13.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,620,419 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On iShares U.S. Telecommunications ETF

Several institutional investors have recently added to or reduced their stakes in IYZ. MWA Asset Management bought a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter worth approximately $81,000. Advisortrust Partners LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter valued at $12,322,000. Independent Financial Group LLC bought a new stake in shares of iShares U.S. Telecommunications ETF in the 1st quarter valued at $418,000. IMC Chicago LLC acquired a new position in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at $870,000. Finally, Retirement Planning Group LLC boosted its stake in iShares U.S. Telecommunications ETF by 8.1% during the first quarter. Retirement Planning Group LLC now owns 22,849 shares of the exchange traded fund’s stock worth $898,000 after acquiring an additional 1,706 shares in the last quarter.

iShares U.S. Telecommunications ETF Stock Up 0.0%

iShares U.S. Telecommunications ETF stock traded up $0.02 during trading hours on Wednesday, reaching $41.78. 110,229 shares of the company’s stock were exchanged, compared to its average volume of 1,749,961. The firm’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $36.58. iShares U.S. Telecommunications ETF has a twelve month low of $27.74 and a twelve month high of $43.63. The firm has a market capitalization of $770.84 million, a PE ratio of 14.09 and a beta of 0.90.

About iShares U.S. Telecommunications ETF

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.