iShares U.S. Telecommunications ETF (BATS:IYZ) Sees Large Decline in Short Interest

iShares U.S. Telecommunications ETF (BATS:IYZ) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 959,298 shares, a decline of 34.8% from the June 15th total of 1,471,292 shares. Based on an average daily volume of 1,554,435 shares, the short-interest ratio is presently 0.6 days. Currently, 5.2% of the company’s stock are sold short.

iShares U.S. Telecommunications ETF Stock Performance

IYZ stock opened at $40.03 on Friday. The firm has a market cap of $738.55 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The firm has a 50-day simple moving average of $42.56 and a two-hundred day simple moving average of $39.85. iShares U.S. Telecommunications ETF has a one year low of $29.15 and a one year high of $46.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IYZ. TD Waterhouse Canada Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF during the fourth quarter worth $2,610,000. Summit Financial Consulting LLC boosted its position in shares of iShares U.S. Telecommunications ETF by 8.3% in the 4th quarter. Summit Financial Consulting LLC now owns 228,255 shares of the exchange traded fund’s stock worth $7,738,000 after purchasing an additional 17,509 shares in the last quarter. Kesler Norman & Wride LLC acquired a new stake in shares of iShares U.S. Telecommunications ETF in the 4th quarter worth $1,198,000. WealthCare Asset Management LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter worth $7,871,000. Finally, Leo Wealth LLC purchased a new position in iShares U.S. Telecommunications ETF during the 4th quarter worth $963,000.

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.