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

iShares U.S. Transportation ETF (BATS:IYT) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 790,161 shares, a decline of 43.3% from the May 31st total of 1,393,784 shares. Approximately 7.8% of the company’s shares are short sold. Based on an average daily volume of 607,376 shares, the short-interest ratio is presently 1.3 days.

iShares U.S. Transportation ETF Stock Performance

Shares of BATS:IYT opened at $87.53 on Thursday. The stock has a 50-day simple moving average of $83.05 and a 200-day simple moving average of $79.37. The stock has a market capitalization of $884.05 million, a P/E ratio of 16.05 and a beta of 1.25. iShares U.S. Transportation ETF has a 1 year low of $66.28 and a 1 year high of $88.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of iShares U.S. Transportation ETF by 26.5% in the first quarter. Bank of America Corp DE now owns 408,579 shares of the exchange traded fund’s stock worth $30,480,000 after acquiring an additional 85,669 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of iShares U.S. Transportation ETF by 60.1% during the 4th quarter. Wells Fargo & Company MN now owns 359,247 shares of the exchange traded fund’s stock valued at $26,767,000 after acquiring an additional 134,924 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of iShares U.S. Transportation ETF by 205,850.0% during the 4th quarter. BNP Paribas Financial Markets now owns 350,115 shares of the exchange traded fund’s stock valued at $26,087,000 after acquiring an additional 349,945 shares in the last quarter. First Financial Bankshares Inc boosted its position in iShares U.S. Transportation ETF by 4.6% during the 4th quarter. First Financial Bankshares Inc now owns 293,923 shares of the exchange traded fund’s stock worth $21,900,000 after purchasing an additional 12,900 shares during the period. Finally, Two Sigma Investments LP boosted its position in iShares U.S. Transportation ETF by 1,296.9% during the 3rd quarter. Two Sigma Investments LP now owns 273,800 shares of the exchange traded fund’s stock worth $19,634,000 after purchasing an additional 254,200 shares during the period.

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.