Short Interest in iShares U.S. Transportation ETF (BATS:IYT) Drops By 43.3%

iShares U.S. Transportation ETF (BATS:IYT) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 790,161 shares, a decline of 43.3% from the May 31st total of 1,393,784 shares. Approximately 7.8% of the shares of the company are sold short. Based on an average daily trading volume, of 607,376 shares, the days-to-cover ratio is presently 1.3 days.

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

A number of large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in iShares U.S. Transportation ETF by 103.4% during the 4th quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 244 shares during the last quarter. North Star Investment Management Corp. boosted its position in iShares U.S. Transportation ETF by 165.6% during the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 265 shares during the period. Parallel Advisors LLC increased its holdings in shares of iShares U.S. Transportation ETF by 54.7% in the fourth quarter. Parallel Advisors LLC now owns 990 shares of the exchange traded fund’s stock valued at $74,000 after purchasing an additional 350 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in shares of iShares U.S. Transportation ETF in the first quarter valued at $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of iShares U.S. Transportation ETF in the first quarter valued at $30,000.

iShares U.S. Transportation ETF Stock Down 1.0%

BATS:IYT opened at $86.75 on Wednesday. iShares U.S. Transportation ETF has a 12-month low of $66.28 and a 12-month high of $87.97. The firm has a market capitalization of $876.17 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. The stock’s 50 day moving average price is $82.94 and its two-hundred day moving average price is $79.30.

iShares U.S. Transportation ETF Company Profile

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.