iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) Short Interest Update

iShares U.S. Consumer Discretionary ETF (NYSEARCA:IYC) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 257,662 shares, a growth of 56.7% from the July 30th total of 164,421 shares. Based on an average daily volume of 108,714 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.2% of the company’s stock are sold short.

iShares U.S. Consumer Discretionary ETF Trading Down 1.3%

IYC opened at $99.90 on Wednesday. The stock has a fifty day simple moving average of $101.34 and a two-hundred day simple moving average of $100.95. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 26.19 and a beta of 1.13. iShares U.S. Consumer Discretionary ETF has a 12-month low of $93.99 and a 12-month high of $107.36.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares U.S. Consumer Discretionary ETF by 361.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 188,009 shares of the company’s stock valued at $19,389,000 after purchasing an additional 147,240 shares in the last quarter. WealthCare Asset Management LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth approximately $1,895,000. Allen Investment Management LLC bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 4th quarter worth approximately $646,000. Ibex Wealth Advisors bought a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 1st quarter worth approximately $730,000. Finally, S&A Financial Services Inc. purchased a new stake in shares of iShares U.S. Consumer Discretionary ETF in the 1st quarter worth approximately $3,443,000.

About iShares U.S. Consumer Discretionary ETF

The iShares US Consumer Discretionary ETF (IYC) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund tracks a market-cap-weighted index of US companies that provide consumer services. IYC was launched on Jun 12, 2000 and is managed by BlackRock.