Short Interest in iShares U.S. Industrials ETF (BATS:IYJ) Expands By 80.4%

iShares U.S. Industrials ETF (BATS:IYJ) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 175,891 shares, an increase of 80.4% from the July 15th total of 97,483 shares. Based on an average trading volume of 95,127 shares, the short-interest ratio is presently 1.8 days. Approximately 1.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new stake in shares of iShares U.S. Industrials ETF in the second quarter worth about $242,000. Trust Co. of Vermont purchased a new stake in shares of iShares U.S. Industrials ETF during the 2nd quarter valued at about $37,000. Adirondack Capital Advisors LLC lifted its position in iShares U.S. Industrials ETF by 10.9% during the 2nd quarter. Adirondack Capital Advisors LLC now owns 24,735 shares of the company’s stock worth $4,122,000 after acquiring an additional 2,425 shares in the last quarter. Kennicott Capital Management LLC lifted its position in iShares U.S. Industrials ETF by 9.3% during the 2nd quarter. Kennicott Capital Management LLC now owns 8,805 shares of the company’s stock worth $1,467,000 after acquiring an additional 750 shares in the last quarter. Finally, Professional Advisory Services Inc. purchased a new position in iShares U.S. Industrials ETF in the 2nd quarter worth approximately $332,000.

iShares U.S. Industrials ETF Trading Up 0.3%

Shares of iShares U.S. Industrials ETF stock opened at $169.65 on Friday. The company has a fifty day moving average price of $163.91 and a 200 day moving average price of $158.45. iShares U.S. Industrials ETF has a twelve month low of $138.90 and a twelve month high of $171.25. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 25.86 and a beta of 1.10.

About iShares U.S. Industrials ETF

iShares U.S. Industrials ETF, formerly iShares Dow Jones U.S. Industrial Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Industrials Index (the Index). The Index measures the performance of the industrials sector of the United States equity market, and includes companies in the industry groups, such as construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, industrial engineering, industrial transportation and support services.