iShares U.S. Financial Services ETF (NYSEARCA:IYG) Short Interest Update

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 73,947 shares, a growth of 139.5% from the December 31st total of 30,870 shares. Based on an average daily volume of 105,831 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 105,831 shares, the short-interest ratio is currently 0.7 days.

iShares U.S. Financial Services ETF Trading Down 0.4%

iShares U.S. Financial Services ETF stock traded down $0.37 during mid-day trading on Friday, hitting $90.28. The stock had a trading volume of 87,875 shares, compared to its average volume of 122,759. iShares U.S. Financial Services ETF has a 12 month low of $65.98 and a 12 month high of $95.75. The stock has a 50-day simple moving average of $91.58 and a two-hundred day simple moving average of $89.29. The stock has a market capitalization of $2.02 billion, a PE ratio of 18.95 and a beta of 1.11.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

A number of large investors have recently modified their holdings of the business. Triumph Capital Management acquired a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $26,000. Farther Finance Advisors LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter worth about $29,000. Smartleaf Asset Management LLC acquired a new position in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $36,000. Evolution Wealth Management Inc. bought a new stake in iShares U.S. Financial Services ETF in the second quarter valued at approximately $36,000. Finally, AlphaCore Capital LLC boosted its holdings in shares of iShares U.S. Financial Services ETF by 1,173.2% during the 2nd quarter. AlphaCore Capital LLC now owns 522 shares of the company’s stock worth $45,000 after buying an additional 481 shares in the last quarter.

About iShares U.S. Financial Services ETF

iShares U.S. Financial Services ETF (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. Financial Services Index (the Underlying Index). The Underlying Index measures the performance of the financial services sector of the United States equity market. It is a subset of the Dow Jones U.S. Financials Index. The Underlying Index includes components of subsectors in the Dow Jones U.S.