iShares U.S. Telecommunications ETF (BATS:IYZ) Short Interest Up 84.3% in August

iShares U.S. Telecommunications ETF (BATS:IYZ) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,689,443 shares, a growth of 84.3% from the August 15th total of 916,797 shares. Currently, 9.2% of the shares of the stock are short sold. Based on an average daily volume of 742,353 shares, the days-to-cover ratio is currently 2.3 days.

iShares U.S. Telecommunications ETF Price Performance

Shares of BATS:IYZ opened at $42.32 on Wednesday. iShares U.S. Telecommunications ETF has a one year low of $31.06 and a one year high of $46.07. The company has a market cap of $780.80 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 $42.25 and a 200 day simple moving average of $41.83.

Hedge Funds Weigh In On iShares U.S. Telecommunications ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of iShares U.S. Telecommunications ETF during the second quarter valued at about $28,000. TD Waterhouse Canada Inc. acquired a new position in shares of iShares U.S. Telecommunications ETF in the second quarter valued at approximately $28,000. Western Wealth Management LLC acquired a new position in shares of iShares U.S. Telecommunications ETF in the first quarter valued at approximately $34,000. Allworth Financial LP raised its holdings in iShares U.S. Telecommunications ETF by 4,732.3% in the 4th quarter. Allworth Financial LP now owns 1,498 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 1,467 shares during the last quarter. Finally, Reflection Asset Management bought a new position in iShares U.S. Telecommunications ETF in the 4th quarter valued at approximately $64,000.

About iShares U.S. Telecommunications ETF

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.