iShares U.S. Telecommunications ETF (BATS:IYZ) Shares Shorted: Short Interest Down 73.5% in September

iShares U.S. Telecommunications ETF (BATS:IYZ – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 447,105 shares, a drop of 73.5% from the August 31st total of 1,689,443 shares. Based on an average trading volume of 1,004,803 shares, the short-interest ratio is currently 0.4 days. Currently, 2.4% of the company’s shares are sold short.

iShares U.S. Telecommunications ETF Stock Up 0.2%

Shares of IYZ stock opened at $41.58 on Friday. iShares U.S. Telecommunications ETF has a 52 week low of $31.06 and a 52 week high of $46.07. The firm has a 50 day moving average of $42.36 and a 200-day moving average of $41.94. The company has a market cap of $767.15 million, a price-to-earnings ratio of 14.09 and a beta of 0.90.

Institutional Investors Weigh In On iShares U.S. Telecommunications ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA bought a new position in shares of iShares U.S. Telecommunications ETF during the 2nd quarter worth about $28,000. TD Waterhouse Canada Inc. bought a new stake in iShares U.S. Telecommunications ETF in the 2nd quarter valued at about $28,000. Western Wealth Management LLC bought a new stake in iShares U.S. Telecommunications ETF in the 1st quarter valued at about $34,000. Reflection Asset Management bought a new stake in iShares U.S. Telecommunications ETF in the 4th quarter valued at about $64,000. Finally, MWA Asset Management acquired a new position in iShares U.S. Telecommunications ETF during the 1st quarter worth approximately $81,000.

iShares U.S. Telecommunications ETF Company Profile

(Get Free Report)

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.

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