Short Interest in iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Increases By 69.6%

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 70,096 shares, an increase of 69.6% from the July 15th total of 41,322 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 196,189 shares, the short-interest ratio is currently 0.4 days.

iShares U.S. Consumer Staples ETF Trading Down 1.6%

Shares of NYSEARCA:IYK traded down $1.20 on Monday, hitting $73.64. 155,135 shares of the company were exchanged, compared to its average volume of 360,951. iShares U.S. Consumer Staples ETF has a 1-year low of $65.21 and a 1-year high of $78.33. The stock’s 50 day moving average price is $73.88 and its 200 day moving average price is $72.75. The firm has a market capitalization of $1.40 billion, a P/E ratio of 20.18 and a beta of 0.40.

Institutional Trading of iShares U.S. Consumer Staples ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of iShares U.S. Consumer Staples ETF in the first quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in iShares U.S. Consumer Staples ETF in the 2nd quarter worth approximately $30,000. Assetmark Inc. acquired a new position in iShares U.S. Consumer Staples ETF in the 1st quarter worth approximately $32,000. Reflection Asset Management purchased a new position in iShares U.S. Consumer Staples ETF during the 4th quarter worth approximately $37,000. Finally, Arax Advisory Partners purchased a new position in iShares U.S. Consumer Staples ETF during the 4th quarter worth approximately $45,000.

About iShares U.S. Consumer Staples ETF

iShares U.S. Consumer Goods ETF (the Fund), formerly iShares Dow Jones U.S .Consumer Goods Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of United States consumer goods stocks, as represented by the Dow Jones United States Consumer Goods Index. The Underlying Index measures the performance of the consumer goods sector of the United States equity market. The Underlying Index includes companies in a range of industry groups, which include automobiles and parts, beverages, food producers, household goods, leisure goods, personal goods and tobacco.