iShares U.S. Telecommunications ETF (BATS:IYZ) Short Interest Update

iShares U.S. Telecommunications ETF (BATS:IYZ) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 2,492,030 shares, a growth of 288.1% from the April 15th total of 642,062 shares. Approximately 13.5% of the company’s stock are short sold. Based on an average daily volume of 2,620,419 shares, the days-to-cover ratio is currently 1.0 days.

iShares U.S. Telecommunications ETF Price Performance

Shares of BATS:IYZ traded up $0.02 during trading on Wednesday, reaching $41.78. 110,229 shares of the stock were exchanged, compared to its average volume of 1,749,961. iShares U.S. Telecommunications ETF has a 1-year low of $27.74 and a 1-year high of $43.63. The firm has a market cap of $770.84 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The stock has a fifty day moving average of $40.71 and a two-hundred day moving average of $36.58.

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

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of iShares U.S. Telecommunications ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 165,327 shares of the exchange traded fund’s stock worth $4,527,000 after purchasing an additional 7,358 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of iShares U.S. Telecommunications ETF by 393.2% during the first quarter. Goldman Sachs Group Inc. now owns 268,212 shares of the exchange traded fund’s stock valued at $7,346,000 after buying an additional 213,827 shares during the last quarter. Jane Street Group LLC grew its holdings in iShares U.S. Telecommunications ETF by 126.6% during the first quarter. Jane Street Group LLC now owns 23,312 shares of the exchange traded fund’s stock worth $639,000 after buying an additional 13,023 shares in the last quarter. Qube Research & Technologies Ltd raised its position in iShares U.S. Telecommunications ETF by 14.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 184,398 shares of the exchange traded fund’s stock valued at $5,491,000 after buying an additional 23,215 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in iShares U.S. Telecommunications ETF by 15.4% in the 2nd quarter. Raymond James Financial Inc. now owns 428,782 shares of the exchange traded fund’s stock valued at $12,769,000 after buying an additional 57,284 shares during the last quarter.

iShares U.S. Telecommunications ETF Company Profile

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.