iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Sees Large Decline in Short Interest

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,274 shares, a drop of 39.3% from the September 15th total of 8,686 shares. Based on an average daily volume of 13,238 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

iShares Dow Jones U.S. ETF Trading Down 1.2%

IYY stock traded down $2.17 during trading on Friday, hitting $185.40. The company had a trading volume of 13,588 shares, compared to its average volume of 26,757. The business has a 50 day moving average of $187.08 and a 200 day moving average of $181.01. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 25.52 and a beta of 1.01. iShares Dow Jones U.S. ETF has a fifty-two week low of $153.32 and a fifty-two week high of $190.10.

Institutional Trading of iShares Dow Jones U.S. ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management boosted its position in shares of iShares Dow Jones U.S. ETF by 38.5% in the 1st quarter. Ritholtz Wealth Management now owns 19,542 shares of the company’s stock valued at $3,096,000 after purchasing an additional 5,435 shares during the period. Bank of America Corp DE raised its stake in iShares Dow Jones U.S. ETF by 27.5% during the 1st quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after purchasing an additional 53,715 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of iShares Dow Jones U.S. ETF in the third quarter worth $4,315,000. Evanson Financial LLC acquired a new position in iShares Dow Jones U.S. ETF during the second quarter valued at $627,000. Finally, Sigma Planning Corp increased its holdings in shares of iShares Dow Jones U.S. ETF by 50.2% in the 1st quarter. Sigma Planning Corp now owns 16,321 shares of the company’s stock valued at $2,586,000 after purchasing an additional 5,453 shares during the period.

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.