iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Significant Drop in Short Interest

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 14,036 shares, a decrease of 42.3% from the January 29th total of 24,346 shares. Based on an average trading volume of 28,646 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 28,646 shares, the days-to-cover ratio is presently 0.5 days.

iShares Dow Jones U.S. ETF Price Performance

IYY traded up $0.02 during trading on Monday, reaching $167.16. The company had a trading volume of 30,025 shares, compared to its average volume of 29,833. The company has a market cap of $2.76 billion, a P/E ratio of 25.52 and a beta of 1.02. iShares Dow Jones U.S. ETF has a 12 month low of $116.99 and a 12 month high of $169.71. The business’s fifty day moving average price is $167.59 and its 200 day moving average price is $164.24.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IYY. Arkansas Financial Group Inc. grew its position in iShares Dow Jones U.S. ETF by 31.1% during the third quarter. Arkansas Financial Group Inc. now owns 22,572 shares of the company’s stock worth $3,684,000 after buying an additional 5,357 shares in the last quarter. Sharp Financial Services LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 3rd quarter worth $26,989,000. VeraBank N.A. acquired a new stake in shares of iShares Dow Jones U.S. ETF during the 2nd quarter worth $218,000. J.W. Cole Advisors Inc. increased its position in shares of iShares Dow Jones U.S. ETF by 5.4% in the second quarter. J.W. Cole Advisors Inc. now owns 6,096 shares of the company’s stock worth $920,000 after purchasing an additional 313 shares during the period. Finally, Clark Asset Management LLC acquired a new position in iShares Dow Jones U.S. ETF in the third quarter valued at about $575,000.

iShares Dow Jones U.S. ETF Company Profile

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.