iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Shares Shorted: Short Interest Down 61.5% in October

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 2,033 shares, a decline of 61.5% from the September 30th total of 5,274 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 36,409 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in iShares Dow Jones U.S. ETF by 27.5% in the 1st quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock worth $39,460,000 after purchasing an additional 53,715 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of iShares Dow Jones U.S. ETF by 202.5% in the 1st quarter. Kestra Advisory Services LLC now owns 105,487 shares of the company’s stock valued at $16,714,000 after purchasing an additional 70,621 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares Dow Jones U.S. ETF by 1.3% during the 1st quarter. Royal Bank of Canada now owns 77,895 shares of the company’s stock worth $12,342,000 after purchasing an additional 1,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Dow Jones U.S. ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 44,050 shares of the company’s stock valued at $8,029,000 after acquiring an additional 506 shares during the last quarter. Finally, Aspiriant LLC purchased a new position in iShares Dow Jones U.S. ETF in the 3rd quarter worth approximately $5,515,000.

iShares Dow Jones U.S. ETF Price Performance

IYY stock traded down $3.24 during mid-day trading on Friday, reaching $183.82. 18,480 shares of the company traded hands, compared to its average volume of 26,225. The company has a fifty day moving average price of $186.72 and a 200-day moving average price of $177.24. The company has a market capitalization of $2.96 billion, a P/E ratio of 25.52 and a beta of 1.01. iShares Dow Jones U.S. ETF has a 52-week low of $153.32 and a 52-week high of $190.10.

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.