iShares U.S. Telecommunications ETF (BATS:IYZ) Short Interest Down 43.4% in May
by Renee Jackson · The Cerbat GemiShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,056,550 shares, a drop of 43.4% from the May 14th total of 1,866,539 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,117,553 shares, the short-interest ratio is currently 0.9 days.
iShares U.S. Telecommunications ETF Price Performance
BATS IYZ opened at $43.76 on Friday. The firm’s fifty day moving average price is $42.62 and its 200 day moving average price is $38.39. The company has a market capitalization of $807.37 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. iShares U.S. Telecommunications ETF has a 12 month low of $27.97 and a 12 month high of $46.07.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of IYZ. Royal Bank of Canada grew its position in shares of iShares U.S. Telecommunications ETF by 4.7% in the 1st quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock valued at $4,527,000 after buying an additional 7,358 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of iShares U.S. Telecommunications ETF by 393.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock valued at $7,346,000 after buying an additional 213,827 shares during the last quarter. Jane Street Group LLC grew its position in shares of iShares U.S. Telecommunications ETF by 126.6% in the 1st quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock valued at $639,000 after buying an additional 13,023 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of iShares U.S. Telecommunications ETF by 14.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 184,398 shares of the exchange traded fund’s stock valued at $5,491,000 after buying an additional 23,215 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of iShares U.S. Telecommunications ETF by 15.4% in the 2nd quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock valued at $12,769,000 after buying an additional 57,284 shares during the last quarter.
iShares U.S. Telecommunications ETF Company Profile
iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified 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. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.