iShares U.S. Telecommunications ETF (BATS:IYZ) Short Interest Down 34.8% in June

iShares U.S. Telecommunications ETF (BATS:IYZ) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 959,298 shares, a drop of 34.8% from the June 15th total of 1,471,292 shares. Based on an average daily trading volume, of 1,554,435 shares, the days-to-cover ratio is presently 0.6 days. Approximately 5.2% of the shares of the company are short sold.

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

Several institutional investors have recently added to or reduced their stakes in IYZ. Bank of America Corp DE boosted its stake in iShares U.S. Telecommunications ETF by 25.5% in the 1st quarter. Bank of America Corp DE now owns 1,786,452 shares of the exchange traded fund’s stock worth $70,243,000 after buying an additional 363,423 shares during the last quarter. Pinkerton Wealth LLC increased its stake in shares of iShares U.S. Telecommunications ETF by 4.5% during the 4th quarter. Pinkerton Wealth LLC now owns 1,253,654 shares of the exchange traded fund’s stock valued at $42,499,000 after acquiring an additional 54,456 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of iShares U.S. Telecommunications ETF by 50.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 851,301 shares of the exchange traded fund’s stock valued at $27,463,000 after acquiring an additional 283,692 shares during the last quarter. Sherman Porfolios LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 2.0% during the 3rd quarter. Sherman Porfolios LLC now owns 817,539 shares of the exchange traded fund’s stock worth $26,374,000 after acquiring an additional 15,728 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of iShares U.S. Telecommunications ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 607,814 shares of the exchange traded fund’s stock worth $20,605,000 after acquiring an additional 13,608 shares during the period.

iShares U.S. Telecommunications ETF Trading Up 0.2%

Shares of BATS IYZ opened at $40.11 on Friday. iShares U.S. Telecommunications ETF has a 12 month low of $29.15 and a 12 month high of $46.07. The stock has a market cap of $740.03 million, a price-to-earnings ratio of 14.09 and a beta of 0.90. The company has a 50 day simple moving average of $42.53 and a two-hundred day simple moving average of $39.85.

About iShares U.S. Telecommunications ETF

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.