iShares U.S. Transportation ETF (BATS:IYT) Short Interest Update

iShares U.S. Transportation ETF (BATS:IYT) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 746,818 shares, a drop of 54.0% from the April 30th total of 1,624,055 shares. Approximately 7.4% of the shares of the company are short sold. Based on an average trading volume of 706,523 shares, the days-to-cover ratio is currently 1.1 days.

iShares U.S. Transportation ETF Trading Up 1.2%

iShares U.S. Transportation ETF stock traded up $1.03 during mid-day trading on Tuesday, hitting $84.83. The company had a trading volume of 371,263 shares, compared to its average volume of 825,542. The company has a market capitalization of $856.78 million, a price-to-earnings ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 12-month low of $64.28 and a 12-month high of $84.98. The company’s fifty day moving average is $79.10 and its 200-day moving average is $77.43.

Institutional Trading of iShares U.S. Transportation ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IYT. Cornerstone Planning Group LLC acquired a new stake in shares of iShares U.S. Transportation ETF during the 1st quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in iShares U.S. Transportation ETF during the first quarter worth approximately $30,000. North Star Investment Management Corp. grew its holdings in iShares U.S. Transportation ETF by 165.6% in the fourth quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 265 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in iShares U.S. Transportation ETF in the fourth quarter valued at approximately $33,000. Finally, CWM LLC increased its position in shares of iShares U.S. Transportation ETF by 103.4% in the fourth quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 244 shares in the last quarter.

iShares U.S. Transportation ETF Company Profile

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.