Short Interest in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Declines By 83.7%

by · The Cerbat Gem

iShares Dow Jones U.S. ETF (NYSEARCA:IYY – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,618 shares, a decline of 83.7% from the April 15th total of 16,062 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 23,714 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth about $27,000. Franklin Resources Inc. purchased a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter worth about $32,000. Arax Advisory Partners purchased a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth about $47,000. AlphaCore Capital LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth about $50,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares Dow Jones U.S. ETF during the fourth quarter worth about $52,000.

iShares Dow Jones U.S. ETF Trading Down 0.4%

Shares of IYY traded down $0.70 during midday trading on Tuesday, reaching $178.88. 8,377 shares of the company were exchanged, compared to its average volume of 31,306. The stock has a 50-day moving average price of $166.31 and a 200-day moving average price of $166.30. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01. iShares Dow Jones U.S. ETF has a 1-year low of $140.22 and a 1-year high of $179.95.

About iShares Dow Jones U.S. ETF

(Get Free Report)

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded 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. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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