Short Interest in iShares U.S. Industrials ETF (BATS:IYJ) Declines By 59.8%

iShares U.S. Industrials ETF (BATS:IYJ) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 70,692 shares, a drop of 59.8% from the July 30th total of 175,891 shares. Based on an average daily volume of 68,836 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC lifted its position in shares of iShares U.S. Industrials ETF by 3.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 9,202 shares of the company’s stock valued at $1,534,000 after acquiring an additional 304 shares during the last quarter. Schuylkill Financial LLC acquired a new position in shares of iShares U.S. Industrials ETF in the 2nd quarter worth $968,000. Compass Financial Management LLC acquired a new position in shares of iShares U.S. Industrials ETF in the 2nd quarter worth $242,000. Concurrent Investment Advisors LLC raised its position in shares of iShares U.S. Industrials ETF by 46.0% during the second quarter. Concurrent Investment Advisors LLC now owns 3,690 shares of the company’s stock worth $615,000 after purchasing an additional 1,162 shares during the period. Finally, Greenspring Advisors LLC raised its position in shares of iShares U.S. Industrials ETF by 112.0% during the second quarter. Greenspring Advisors LLC now owns 3,159 shares of the company’s stock worth $526,000 after purchasing an additional 1,669 shares during the period.

iShares U.S. Industrials ETF Price Performance

Shares of IYJ opened at $164.32 on Friday. The firm’s 50 day moving average is $165.01 and its 200-day moving average is $159.09. iShares U.S. Industrials ETF has a 12-month low of $138.90 and a 12-month high of $171.25. The stock has a market capitalization of $1.89 billion, a P/E ratio of 25.86 and a beta of 1.10.

About iShares U.S. Industrials ETF

iShares U.S. Industrials ETF, formerly iShares Dow Jones U.S. Industrial Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Industrials Index (the Index). The Index measures the performance of the industrials sector of the United States equity market, and includes companies in the industry groups, such as construction and materials, aerospace and defense, general industrials, electronic and electrical equipment, industrial engineering, industrial transportation and support services.