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

iShares U.S. Financials ETF (NYSEARCA:IYF) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 609,989 shares, a drop of 27.0% from the December 15th total of 835,936 shares. Based on an average daily volume of 231,702 shares, the short-interest ratio is currently 2.6 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 volume of 231,702 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On iShares U.S. Financials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IYF. Bank of America Corp DE grew its position in iShares U.S. Financials ETF by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 1,586,519 shares of the company’s stock valued at $200,917,000 after acquiring an additional 86,197 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of iShares U.S. Financials ETF by 247.2% during the fourth quarter. Sagespring Wealth Partners LLC now owns 826,819 shares of the company’s stock worth $106,602,000 after purchasing an additional 588,659 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares U.S. Financials ETF by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 701,987 shares of the company’s stock valued at $84,933,000 after purchasing an additional 13,109 shares during the period. Bank of Montreal Can grew its holdings in shares of iShares U.S. Financials ETF by 1,275.8% in the third quarter. Bank of Montreal Can now owns 699,898 shares of the company’s stock valued at $88,635,000 after purchasing an additional 649,026 shares in the last quarter. Finally, PGIM Custom Harvest LLC grew its holdings in shares of iShares U.S. Financials ETF by 1.1% in the third quarter. PGIM Custom Harvest LLC now owns 602,034 shares of the company’s stock valued at $76,242,000 after purchasing an additional 6,424 shares in the last quarter.

iShares U.S. Financials ETF Stock Up 0.1%

NYSEARCA:IYF traded up $0.08 during trading hours on Friday, reaching $129.84. 202,686 shares of the stock were exchanged, compared to its average volume of 398,462. iShares U.S. Financials ETF has a twelve month low of $95.34 and a twelve month high of $133.54. The business has a 50-day moving average of $127.55 and a two-hundred day moving average of $124.99. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02.

About iShares U.S. Financials ETF

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.