iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 98,569 shares, a growth of 68.5% from the September 15th total of 58,506 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 95,070 shares, the days-to-cover ratio is currently 1.0 days.
iShares U.S. Financial Services ETF Price Performance
iShares U.S. Financial Services ETF stock opened at $92.51 on Friday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 18.95 and a beta of 0.98. iShares U.S. Financial Services ETF has a fifty-two week low of $79.86 and a fifty-two week high of $98.66. The firm has a fifty day moving average price of $94.84 and a two-hundred day moving average price of $91.47.
Institutional Investors Weigh In On iShares U.S. Financial Services ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management bought a new stake in iShares U.S. Financial Services ETF during the 3rd quarter valued at approximately $67,000. Centerline Wealth Advisors LLC grew its holdings in iShares U.S. Financial Services ETF by 1.5% in the 3rd quarter. Centerline Wealth Advisors LLC now owns 46,788 shares of the company’s stock valued at $4,207,000 after buying an additional 695 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $3,522,000. Turtle Creek Wealth Advisors LLC acquired a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at approximately $241,000. Finally, Mather Group LLC. bought a new position in iShares U.S. Financial Services ETF in the 3rd quarter worth approximately $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.
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