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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 89,858 shares, a growth of 48.2% from the July 15th total of 60,629 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 82,755 shares, the days-to-cover ratio is presently 1.1 days.

iShares U.S. Financial Services ETF Stock Up 0.5%

Shares of iShares U.S. Financial Services ETF stock traded up $0.44 during trading on Tuesday, reaching $97.73. The company’s stock had a trading volume of 94,171 shares, compared to its average volume of 114,707. The business has a 50 day moving average price of $93.74 and a 200-day moving average price of $88.99. iShares U.S. Financial Services ETF has a 12-month low of $79.86 and a 12-month high of $98.39. The company has a market capitalization of $2.22 billion, a P/E ratio of 18.95 and a beta of 0.96.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IYG. Triumph Capital Management purchased a new stake in iShares U.S. Financial Services ETF during the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth approximately $28,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth approximately $29,000. Capital Advisors Ltd. LLC increased its stake in iShares U.S. Financial Services ETF by 49.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after purchasing an additional 126 shares in the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in iShares U.S. Financial Services ETF during the fourth 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.