Short Interest in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Rises By 214.1%

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,222 shares, an increase of 214.1% from the April 30th total of 2,618 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 18,759 shares, the short-interest ratio is presently 0.4 days.

iShares Dow Jones U.S. ETF Trading Up 0.2%

iShares Dow Jones U.S. ETF stock traded up $0.44 during mid-day trading on Friday, hitting $183.80. The stock had a trading volume of 21,026 shares, compared to its average volume of 29,571. The stock has a 50-day simple moving average of $170.97 and a two-hundred day simple moving average of $167.82. The stock has a market capitalization of $3.01 billion, a PE ratio of 25.52 and a beta of 1.01. iShares Dow Jones U.S. ETF has a 12 month low of $142.35 and a 12 month high of $184.17.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in iShares Dow Jones U.S. ETF by 27.5% in the first quarter. Bank of America Corp DE now owns 249,037 shares of the company’s stock valued at $39,460,000 after buying an additional 53,715 shares during the period. Royal Bank of Canada lifted its stake in iShares Dow Jones U.S. ETF by 1.3% in the first quarter. Royal Bank of Canada now owns 77,895 shares of the company’s stock valued at $12,342,000 after buying an additional 1,018 shares during the period. Independent Financial Group LLC acquired a new position in iShares Dow Jones U.S. ETF in the first quarter valued at about $318,000. Sigma Planning Corp lifted its stake in iShares Dow Jones U.S. ETF by 50.2% in the first quarter. Sigma Planning Corp now owns 16,321 shares of the company’s stock valued at $2,586,000 after buying an additional 5,453 shares during the period. Finally, Fifth Third Bancorp lifted its stake in iShares Dow Jones U.S. ETF by 8,150.6% in the first quarter. Fifth Third Bancorp now owns 29,537 shares of the company’s stock valued at $4,680,000 after buying an additional 29,179 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.