Short Interest in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Declines By 37.6%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 18,194 shares, a decline of 37.6% from the April 30th total of 29,153 shares. Based on an average daily volume of 177,582 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

iShares U.S. Consumer Staples ETF Price Performance

NYSEARCA IYK traded up $0.92 during mid-day trading on Thursday, hitting $71.31. The stock had a trading volume of 34,282 shares, compared to its average volume of 408,818. The firm’s 50 day moving average is $70.87 and its 200 day moving average is $70.60. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 20.18 and a beta of 0.42. iShares U.S. Consumer Staples ETF has a twelve month low of $65.21 and a twelve month high of $77.70.

Institutional Trading of iShares U.S. Consumer Staples ETF

Several large investors have recently bought and sold shares of IYK. Financial Life Planners acquired a new position in shares of iShares U.S. Consumer Staples ETF during the 1st quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in iShares U.S. Consumer Staples ETF during the fourth quarter worth $32,000. Assetmark Inc. purchased a new stake in iShares U.S. Consumer Staples ETF in the 1st quarter valued at $32,000. Reflection Asset Management acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth $37,000. Finally, Arax Advisory Partners acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the 4th quarter worth $45,000.

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.