iShares U.S. Transportation ETF (BATS:IYT) Sees Large Drop in Short Interest

iShares U.S. Transportation ETF (BATS:IYT) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 746,818 shares, a decline of 54.0% from the April 30th total of 1,624,055 shares. Based on an average daily volume of 706,523 shares, the short-interest ratio is currently 1.1 days. Currently, 7.4% of the company’s stock are sold short.

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

Several institutional investors have recently modified their holdings of IYT. CWM LLC lifted its stake in iShares U.S. Transportation ETF by 103.4% in the 4th quarter. CWM LLC now owns 480 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 244 shares in the last quarter. North Star Investment Management Corp. lifted its stake in iShares U.S. Transportation ETF by 165.6% in the 4th quarter. North Star Investment Management Corp. now owns 425 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 265 shares in the last quarter. Parallel Advisors LLC lifted its stake in iShares U.S. Transportation ETF by 54.7% in the 4th quarter. Parallel Advisors LLC now owns 990 shares of the exchange traded fund’s stock valued at $74,000 after acquiring an additional 350 shares in the last quarter. Cornerstone Planning Group LLC bought a new stake in iShares U.S. Transportation ETF in the 1st quarter valued at approximately $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in iShares U.S. Transportation ETF in the 1st quarter valued at approximately $30,000.

iShares U.S. Transportation ETF Price Performance

BATS:IYT opened at $83.80 on Monday. iShares U.S. Transportation ETF has a fifty-two week low of $64.28 and a fifty-two week high of $84.74. The stock has a market capitalization of $846.38 million, a PE ratio of 16.05 and a beta of 1.25. The business’s 50-day simple moving average is $78.88 and its 200-day simple moving average is $77.34.

iShares U.S. Transportation ETF Company Profile

iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index. The Index measures the performance of the transportation sector of the United States equity market, and includes companies in the primary groups, such as airlines, trucking, railroads, air freight, transportation services and industrial services.