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

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 28,761 shares, a decline of 74.8% from the September 30th total of 114,208 shares. Based on an average daily volume of 443,788 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Virtue Capital Management LLC acquired a new stake in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at approximately $540,000. Greenleaf Trust bought a new position in iShares U.S. Consumer Staples ETF during the 3rd quarter worth $352,000. MGO One Seven LLC boosted its stake in shares of iShares U.S. Consumer Staples ETF by 3.8% in the third quarter. MGO One Seven LLC now owns 122,820 shares of the company’s stock valued at $8,687,000 after buying an additional 4,496 shares during the period. Partners Wealth Management LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 16.0% during the 3rd quarter. Partners Wealth Management LLC now owns 10,313 shares of the company’s stock worth $729,000 after acquiring an additional 1,421 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new position in iShares U.S. Consumer Staples ETF in the third quarter valued at about $86,000.

iShares U.S. Consumer Staples ETF Stock Up 1.7%

IYK traded up $1.30 during trading on Friday, reaching $78.49. 751,818 shares of the company’s stock were exchanged, compared to its average volume of 374,413. The business has a 50 day moving average price of $74.28 and a 200 day moving average price of $72.98. The company has a market capitalization of $1.38 billion, a P/E ratio of 20.18 and a beta of 0.40. iShares U.S. Consumer Staples ETF has a fifty-two week low of $65.21 and a fifty-two week high of $79.17.

About iShares U.S. Consumer Staples ETF

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.