Short Interest in iShares U.S. Financial Services ETF (NYSEARCA:IYG) Declines By 36.0%

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 18,320 shares, a decline of 36.0% from the November 30th total of 28,644 shares. Based on an average trading volume of 177,271 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 177,271 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Financial Services ETF Stock Performance

Shares of IYG opened at $93.84 on Friday. iShares U.S. Financial Services ETF has a one year low of $65.98 and a one year high of $94.31. The stock’s fifty day moving average is $89.44 and its 200-day moving average is $87.96. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 18.95 and a beta of 1.11.

Institutional Trading of iShares U.S. Financial Services ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management acquired a new stake in shares of iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $26,000. Evolution Wealth Management Inc. bought a new stake in iShares U.S. Financial Services ETF during the second quarter worth approximately $36,000. Smartleaf Asset Management LLC bought a new stake in iShares U.S. Financial Services ETF during the third quarter worth approximately $36,000. AlphaCore Capital LLC lifted its position in iShares U.S. Financial Services ETF by 1,173.2% in the second quarter. AlphaCore Capital LLC now owns 522 shares of the company’s stock worth $45,000 after purchasing an additional 481 shares during the period. Finally, Mather Group LLC. bought a new position in iShares U.S. Financial Services ETF during the 3rd quarter valued at $49,000.

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.