iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Stock Short Interest Rises 260.7%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 114,208 shares, an increase of 260.7% from the September 15th total of 31,667 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 485,347 shares, the days-to-cover ratio is presently 0.2 days.

iShares U.S. Consumer Staples ETF Stock Down 0.1%

Shares of IYK traded down $0.07 during trading hours on Friday, hitting $73.43. 161,524 shares of the company were exchanged, compared to its average volume of 354,131. The company has a market cap of $1.67 billion, a price-to-earnings 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 $78.33. The firm’s fifty day moving average is $73.68 and its 200 day moving average is $72.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IYK. Rockefeller Capital Management L.P. grew its stake in iShares U.S. Consumer Staples ETF by 1.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 11,348 shares of the company’s stock worth $759,000 after buying an additional 182 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of iShares U.S. Consumer Staples ETF by 4.8% in the 3rd quarter. CoreCap Advisors LLC now owns 4,542 shares of the company’s stock valued at $321,000 after buying an additional 210 shares in the last quarter. Money Concepts Capital Corp raised its position in shares of iShares U.S. Consumer Staples ETF by 1.0% in the 1st quarter. Money Concepts Capital Corp now owns 35,212 shares of the company’s stock valued at $2,466,000 after buying an additional 357 shares in the last quarter. Financial Life Planners acquired a new position in shares of iShares U.S. Consumer Staples ETF in the 1st quarter valued at approximately $25,000. Finally, Beacon Financial Advisory LLC lifted its holdings in shares of iShares U.S. Consumer Staples ETF by 8.1% during the 2nd quarter. Beacon Financial Advisory LLC now owns 4,899 shares of the company’s stock worth $356,000 after acquiring an additional 367 shares during the period.

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.