iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 959,298 shares, a decrease of 34.8% from the June 15th total of 1,471,292 shares. Based on an average trading volume of 1,554,435 shares, the days-to-cover ratio is currently 0.6 days. Currently, 5.2% of the shares of the stock are short sold.
iShares U.S. Telecommunications ETF Stock Up 0.2%
IYZ opened at $40.11 on Friday. The firm has a market cap of $740.03 million, a PE ratio of 14.09 and a beta of 0.90. The business has a fifty day simple moving average of $42.53 and a 200-day simple moving average of $39.85. iShares U.S. Telecommunications ETF has a fifty-two week low of $29.15 and a fifty-two week high of $46.07.
Institutional Trading of iShares U.S. Telecommunications ETF
Several hedge funds and other institutional investors have recently modified their holdings of IYZ. WFA of San Diego LLC purchased a new stake in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth about $25,000. Concord Wealth Partners acquired a new stake in shares of iShares U.S. Telecommunications ETF in the fourth quarter worth $34,000. Western Wealth Management LLC bought a new stake in shares of iShares U.S. Telecommunications ETF during the 1st quarter worth $34,000. Allworth Financial LP boosted its holdings in shares of iShares U.S. Telecommunications ETF by 4,732.3% during the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 1,467 shares during the period. Finally, Miller Global Investments LLC acquired a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at $60,000.
iShares U.S. Telecommunications ETF Company Profile
iShares U.S. Telecommunications ETF (the Fund), formerly iShares Dow Jones U.S. Telecommunications Sector Index Fund, is a non-diversified 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. Select Telecommunications Index (the Index). The Index measures the performance of the telecommunications sector of the United States equity market, and includes companies in the industry groups, such as fixed-line telecommunications and mobile telecommunications.
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