Short Interest in iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Rises By 33.6%

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 53,546 shares, an increase of 33.6% from the December 31st total of 40,077 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 38,209 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 38,209 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are short sold.

iShares Dow Jones U.S. ETF Stock Down 1.3%

Shares of IYY stock traded down $2.14 during mid-day trading on Tuesday, hitting $166.82. 25,376 shares of the stock were exchanged, compared to its average volume of 34,252. iShares Dow Jones U.S. ETF has a 52-week low of $116.99 and a 52-week high of $169.71. The company has a market cap of $2.75 billion, a PE ratio of 25.52 and a beta of 1.02. The firm has a fifty day moving average of $167.08 and a 200 day moving average of $162.50.

Institutional Trading of iShares Dow Jones U.S. ETF

Several institutional investors have recently bought and sold shares of IYY. Sharp Financial Services LLC purchased a new position in shares of iShares Dow Jones U.S. ETF during the 3rd quarter valued at approximately $26,989,000. Apella Capital LLC acquired a new position in iShares Dow Jones U.S. ETF during the fourth quarter worth $14,236,000. Ameriprise Financial Inc. increased its stake in shares of iShares Dow Jones U.S. ETF by 159.3% during the second quarter. Ameriprise Financial Inc. now owns 70,208 shares of the company’s stock worth $10,592,000 after purchasing an additional 43,127 shares in the last quarter. Steinberganna Wealth Management acquired a new position in shares of iShares Dow Jones U.S. ETF during the 3rd quarter worth about $6,482,000. Finally, DSG Capital Advisors LLC acquired a new stake in iShares Dow Jones U.S. ETF in the 4th quarter worth about $4,181,000.

iShares Dow Jones U.S. ETF Company Profile

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.