iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Large Increase in Short Interest

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 70,096 shares, a growth of 69.6% from the July 15th total of 41,322 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 196,189 shares, the days-to-cover ratio is currently 0.4 days.

iShares U.S. Consumer Staples ETF Price Performance

Shares of IYK stock traded down $1.20 during mid-day trading on Monday, hitting $73.64. The stock had a trading volume of 155,135 shares, compared to its average volume of 360,951. iShares U.S. Consumer Staples ETF has a 12-month low of $65.21 and a 12-month high of $78.33. The firm’s 50-day moving average is $73.88 and its two-hundred day moving average is $72.75. The firm has a market capitalization of $1.40 billion, a P/E ratio of 20.18 and a beta of 0.40.

Institutional Investors Weigh In On iShares U.S. Consumer Staples ETF

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in iShares U.S. Consumer Staples ETF by 3.8% during the second quarter. JPMorgan Chase & Co. now owns 28,807 shares of the company’s stock valued at $2,030,000 after buying an additional 1,065 shares during the period. Marshall Wace LLP purchased a new position in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter valued at $605,000. Qube Research & Technologies Ltd bought a new position in shares of iShares U.S. Consumer Staples ETF in the 2nd quarter worth $185,000. NewEdge Advisors LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 213.1% in the 2nd quarter. NewEdge Advisors LLC now owns 73,292 shares of the company’s stock worth $5,166,000 after acquiring an additional 49,887 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of iShares U.S. Consumer Staples ETF by 31.7% in the 2nd quarter. Quantinno Capital Management LP now owns 4,907 shares of the company’s stock worth $346,000 after acquiring an additional 1,180 shares in the last quarter.

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.