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

iShares U.S. Telecommunications ETF (BATS:IYZ) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,056,550 shares, a decline of 43.4% from the May 14th total of 1,866,539 shares. Based on an average trading volume of 1,117,553 shares, the days-to-cover ratio is presently 0.9 days. Currently, 5.7% of the shares of the stock are short sold.

iShares U.S. Telecommunications ETF Stock Performance

Shares of IYZ traded down $0.31 during mid-day trading on Monday, hitting $43.45. 235,896 shares of the stock were exchanged, compared to its average volume of 1,706,016. The company has a market cap of $801.65 million, a PE ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 52-week low of $27.97 and a 52-week high of $46.07. The firm has a 50-day moving average of $42.62 and a two-hundred day moving average of $38.44.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

A number of hedge funds have recently bought and sold shares of IYZ. Citigroup Inc. grew its stake in shares of iShares U.S. Telecommunications ETF by 140.2% in the 3rd quarter. Citigroup Inc. now owns 2,085,584 shares of the exchange traded fund’s stock worth $67,281,000 after buying an additional 1,217,487 shares in the last quarter. Camarda Financial Advisors LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter valued at about $13,789,000. Bank of America Corp DE raised its position in shares of iShares U.S. Telecommunications ETF by 25.5% during the 1st quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock valued at $70,243,000 after buying an additional 363,423 shares in the last quarter. Advisortrust Partners LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter valued at about $12,322,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Telecommunications ETF by 50.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock valued at $27,463,000 after acquiring an additional 283,692 shares during the last quarter.

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.