Short Interest in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Decreases By 42.3%

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 14,036 shares, a decline of 42.3% from the January 29th total of 24,346 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 28,646 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 28,646 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

iShares Dow Jones U.S. ETF Price Performance

Shares of NYSEARCA:IYY traded down $0.69 during mid-day trading on Friday, reaching $167.14. 16,831 shares of the company were exchanged, compared to its average volume of 29,808. iShares Dow Jones U.S. ETF has a 1 year low of $116.99 and a 1 year high of $169.71. The firm’s 50-day simple moving average is $167.58 and its 200 day simple moving average is $164.08. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 25.52 and a beta of 1.02.

Institutional Investors Weigh In On iShares Dow Jones U.S. ETF

A number of institutional investors have recently modified their holdings of IYY. Sharp Wealth Advisory LLC boosted its holdings in iShares Dow Jones U.S. ETF by 5.3% during the 4th quarter. Sharp Wealth Advisory LLC now owns 174,850 shares of the company’s stock valued at $28,992,000 after acquiring an additional 8,741 shares during the period. Sharp Financial Services LLC acquired a new stake in shares of iShares Dow Jones U.S. ETF during the third quarter worth about $26,989,000. Bank of America Corp DE lifted its position in shares of iShares Dow Jones U.S. ETF by 2.1% during the third quarter. Bank of America Corp DE now owns 111,877 shares of the company’s stock worth $18,177,000 after purchasing an additional 2,267 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of iShares Dow Jones U.S. ETF by 15.9% in the second quarter. Raymond James Financial Inc. now owns 100,896 shares of the company’s stock valued at $15,223,000 after purchasing an additional 13,845 shares during the period. Finally, Apella Capital LLC purchased a new position in shares of iShares Dow Jones U.S. ETF in the fourth quarter valued at approximately $14,236,000.

About iShares Dow Jones U.S. ETF

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded 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. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.