iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) Short Interest Down 37.6% in May

iShares U.S. Consumer Staples ETF (NYSEARCA:IYK) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 18,194 shares, a drop of 37.6% from the April 30th total of 29,153 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 177,582 shares, the days-to-cover ratio is presently 0.1 days.

iShares U.S. Consumer Staples ETF Stock Down 0.2%

IYK stock opened at $70.25 on Friday. The business has a 50 day moving average price of $70.88 and a two-hundred day moving average price of $70.62. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 20.18 and a beta of 0.41. iShares U.S. Consumer Staples ETF has a twelve month low of $65.21 and a twelve month high of $77.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in shares of iShares U.S. Consumer Staples ETF by 2.8% during the 1st quarter. NewEdge Advisors LLC now owns 46,550 shares of the company’s stock worth $3,260,000 after acquiring an additional 1,267 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of iShares U.S. Consumer Staples ETF by 9.4% during the 1st quarter. Arkadios Wealth Advisors now owns 11,094 shares of the company’s stock worth $777,000 after acquiring an additional 956 shares during the period. Sunbelt Securities Inc. bought a new position in shares of iShares U.S. Consumer Staples ETF during the 1st quarter worth approximately $477,000. Royal Bank of Canada boosted its stake in shares of 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 acquiring an additional 35,963 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of iShares U.S. Consumer Staples ETF by 40.5% during the 1st quarter. Quantinno Capital Management LP now owns 5,614 shares of the company’s stock worth $393,000 after acquiring an additional 1,619 shares during the period.

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.