iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Sees Significant Growth in Short Interest

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 114,208 shares, an increase of 260.7% from the September 15th total of 31,667 shares. Based on an average daily volume of 485,347 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of iShares U.S. Consumer Staples ETF

Several institutional investors and hedge funds have recently modified their holdings of IYK. Royal Bank of Canada boosted its position in iShares U.S. Consumer Staples ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 312,442 shares of the company’s stock worth $21,879,000 after buying an additional 35,963 shares during the period. Cetera Investment Advisers increased its position in iShares U.S. Consumer Staples ETF by 1.4% in the 1st quarter. Cetera Investment Advisers now owns 214,107 shares of the company’s stock valued at $14,994,000 after acquiring an additional 2,935 shares during the period. Unique Wealth LLC increased its position in iShares U.S. Consumer Staples ETF by 1.6% in the 2nd quarter. Unique Wealth LLC now owns 94,306 shares of the company’s stock valued at $6,852,000 after acquiring an additional 1,449 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Consumer Staples ETF by 46.0% during the second quarter. Envestnet Asset Management Inc. now owns 79,192 shares of the company’s stock valued at $5,754,000 after acquiring an additional 24,941 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of iShares U.S. Consumer Staples ETF by 2.8% during the first quarter. NewEdge Advisors LLC now owns 46,550 shares of the company’s stock valued at $3,260,000 after acquiring an additional 1,267 shares during the last quarter.

iShares U.S. Consumer Staples ETF Trading Up 1.2%

NYSEARCA IYK traded up $0.91 on Monday, hitting $74.34. 269,858 shares of the company’s stock were exchanged, compared to its average volume of 353,698. The stock has a 50-day moving average of $73.68 and a 200-day moving average of $72.67. iShares U.S. Consumer Staples ETF has a 52 week low of $65.21 and a 52 week high of $78.33. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 20.18 and a beta of 0.40.

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.