iShares U.S. Financials ETF (NYSEARCA:IYF) Short Interest Update

iShares U.S. Financials ETF (NYSEARCA:IYF) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 621,486 shares, a drop of 14.0% from the January 15th total of 722,682 shares. Based on an average daily trading volume, of 480,301 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.9% of the company’s shares are short sold. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 480,301 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On iShares U.S. Financials ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ransom Advisory Ltd purchased a new position in shares of iShares U.S. Financials ETF during the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new stake in iShares U.S. Financials ETF in the fourth quarter worth about $26,000. Financial Life Planners bought a new stake in iShares U.S. Financials ETF during the 3rd quarter valued at approximately $27,000. Key Capital Management INC bought a new stake in iShares U.S. Financials ETF during the 4th quarter valued at approximately $28,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of iShares U.S. Financials ETF by 666.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period.

iShares U.S. Financials ETF Stock Performance

Shares of iShares U.S. Financials ETF stock traded up $0.92 during midday trading on Wednesday, reaching $125.76. 74,653 shares of the company’s stock traded hands, compared to its average volume of 429,279. The stock has a 50 day moving average of $128.73 and a 200-day moving average of $125.77. iShares U.S. Financials ETF has a 12 month low of $95.34 and a 12 month high of $133.54. The company has a market cap of $4.16 billion, a PE ratio of 16.42 and a beta of 1.02.

iShares U.S. Financials ETF Company Profile

iShares U.S. Financials ETF, formerly iShares Dow Jones U.S. Financial Sector Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Financials Index (the Index). The Index measures the performance of the financial sector of the United States equity market, and includes companies in industry groups, such as banks, non-life insurance, life insurance, real estate and general finance. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.