iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Short Interest Up 1,175.5% in July

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 62,500 shares, anincreaseof1,175.5% from the June 30th total of 4,900 shares. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 32,700 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

Several institutional investors and hedge funds have recently bought and sold shares of IYY. Ameriprise Financial Inc. grew its position in iShares Dow Jones U.S. ETF by 577.2% during the 4th quarter. Ameriprise Financial Inc. now owns 149,385 shares of the company’s stock worth $21,375,000 after acquiring an additional 127,327 shares during the last quarter. DSG Capital Advisors LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the 4th quarter worth approximately $3,549,000. Citadel Advisors LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the 4th quarter worth approximately $2,945,000. Summit Financial Consulting LLC bought a new stake in shares of iShares Dow Jones U.S. ETF in the 2nd quarter worth approximately $2,464,000. Finally, Wells Fargo & Company MN grew its position in shares of iShares Dow Jones U.S. ETF by 11.9% in the 4th quarter. Wells Fargo & Company MN now owns 139,735 shares of the company’s stock worth $19,995,000 after buying an additional 14,882 shares during the last quarter.

iShares Dow Jones U.S. ETF Trading Down 1.7%

Shares of NYSEARCA IYY opened at $151.74 on Monday. The stock’s 50-day moving average is $149.41 and its 200 day moving average is $142.98. iShares Dow Jones U.S. ETF has a 1-year low of $116.99 and a 1-year high of $156.17. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 25.52 and a beta of 1.02.

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.