iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Short Interest Down 78.0% in April

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 29,153 shares, a drop of 78.0% from the April 15th total of 132,755 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 185,264 shares, the days-to-cover ratio is presently 0.2 days.

iShares U.S. Consumer Staples ETF Price Performance

Shares of IYK stock traded up $0.07 during trading hours on Friday, reaching $72.56. 26,649 shares of the company were exchanged, compared to its average volume of 404,664. iShares U.S. Consumer Staples ETF has a fifty-two week low of $65.21 and a fifty-two week high of $77.70. The stock’s fifty day moving average is $70.93 and its two-hundred day moving average is $70.16. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 20.18 and a beta of 0.42.

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

Several hedge funds and other institutional investors have recently made changes to their positions in IYK. Financial Life Planners bought a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in iShares U.S. Consumer Staples ETF in the fourth quarter valued at approximately $32,000. Assetmark Inc. acquired a new stake in iShares U.S. Consumer Staples ETF during the 1st quarter worth $32,000. Reflection Asset Management bought a new stake in shares of iShares U.S. Consumer Staples ETF during the 4th quarter valued at $37,000. Finally, First Horizon Corp acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 3rd quarter valued at $43,000.

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.