iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 60,629 shares, an increase of 104.2% from the June 30th total of 29,696 shares. Based on an average trading volume of 167,064 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in iShares U.S. Financial Services ETF during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $28,000. Farther Finance Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter worth $29,000. Capital Advisors Ltd. LLC boosted its position in shares of 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 worth $31,000 after buying an additional 126 shares in the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in shares of iShares U.S. Financial Services ETF in the 4th quarter worth about $39,000.
iShares U.S. Financial Services ETF Stock Performance
Shares of NYSEARCA IYG opened at $95.46 on Friday. iShares U.S. Financial Services ETF has a one year low of $79.86 and a one year high of $96.29. The firm has a market capitalization of $2.17 billion, a P/E ratio of 18.95 and a beta of 0.96. The company’s fifty day moving average is $91.36 and its two-hundred day moving average is $88.49.
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.
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