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 drop in short interest in June. As of June 15th, there was short interest totaling 12,820 shares, a drop of 84.7% from the May 31st total of 83,747 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 86,531 shares, the days-to-cover ratio is presently 0.1 days.

iShares U.S. Financial Services ETF Trading Down 0.3%

Shares of IYG stock opened at $90.51 on Friday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 18.95 and a beta of 0.97. The firm has a 50-day moving average price of $88.09 and a 200 day moving average price of $88.32. iShares U.S. Financial Services ETF has a twelve month low of $79.86 and a twelve month high of $95.75.

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

Institutional investors have recently modified their holdings of the company. Triumph Capital Management acquired a new stake in iShares U.S. Financial Services ETF during the third quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter valued at $28,000. Farther Finance Advisors LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter valued at $29,000. Capital Advisors Ltd. LLC lifted its stake in shares of iShares U.S. Financial Services ETF by 49.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 126 shares during the period. Finally, Merrithew & Thorsten Inc purchased a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $39,000.

iShares U.S. Financial Services ETF Company Profile

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.