iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Short Interest Down 54.5% in January

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 24,346 shares, a drop of 54.5% from the January 15th total of 53,546 shares. Based on an average daily volume of 31,356 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 31,356 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

A number of hedge funds have recently made changes to their positions in IYY. Franklin Resources Inc. acquired a new stake in shares of iShares Dow Jones U.S. ETF in the third quarter worth approximately $32,000. AlphaCore Capital LLC purchased a new position in iShares Dow Jones U.S. ETF in the 4th quarter valued at $50,000. Kohmann Bosshard Financial Services LLC purchased a new position in iShares Dow Jones U.S. ETF in the 4th quarter valued at $52,000. Simplex Trading LLC acquired a new stake in iShares Dow Jones U.S. ETF during the 2nd quarter worth $64,000. Finally, Financial Life Planners purchased a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter worth $80,000.

iShares Dow Jones U.S. ETF Stock Performance

Shares of IYY stock traded up $0.31 on Friday, reaching $165.99. 21,482 shares of the company were exchanged, compared to its average volume of 32,683. iShares Dow Jones U.S. ETF has a 1 year low of $116.99 and a 1 year high of $169.71. The business has a 50-day moving average price of $167.32 and a 200 day moving average price of $163.24. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 25.52 and a beta of 1.02.

iShares Dow Jones U.S. ETF Company Profile

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded 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. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.