iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Significant Growth in Short Interest

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 30,870 shares, a growth of 68.5% from the December 15th total of 18,320 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 88,206 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 88,206 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

Several large investors have recently bought and sold shares of IYG. NewEdge Advisors LLC lifted its stake in iShares U.S. Financial Services ETF by 17.4% during the 1st quarter. NewEdge Advisors LLC now owns 10,232 shares of the company’s stock valued at $804,000 after acquiring an additional 1,517 shares during the period. Focus Partners Wealth lifted its position in iShares U.S. Financial Services ETF by 11.2% during the first quarter. Focus Partners Wealth now owns 6,826 shares of the company’s stock valued at $536,000 after purchasing an additional 685 shares during the period. Fiduciary Alliance LLC purchased a new stake in iShares U.S. Financial Services ETF in the second quarter worth approximately $233,000. Focus Financial Network Inc. grew its position in iShares U.S. Financial Services ETF by 9.8% in the 2nd quarter. Focus Financial Network Inc. now owns 33,509 shares of the company’s stock worth $2,868,000 after purchasing an additional 2,985 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in iShares U.S. Financial Services ETF by 62.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,923 shares of the company’s stock worth $955,000 after purchasing an additional 4,203 shares during the period.

iShares U.S. Financial Services ETF Price Performance

IYG stock opened at $92.46 on Friday. The company has a market cap of $2.07 billion, a P/E ratio of 18.95 and a beta of 1.11. The firm has a 50-day moving average of $90.97 and a 200 day moving average of $89.04. iShares U.S. Financial Services ETF has a 1 year low of $65.98 and a 1 year high of $95.75.

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.