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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 73,947 shares, a growth of 139.5% from the December 31st total of 30,870 shares. Based on an average daily volume of 105,831 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 105,831 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of iShares U.S. Financial Services ETF

Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in shares of iShares U.S. Financial Services ETF by 17.4% during the first quarter. NewEdge Advisors LLC now owns 10,232 shares of the company’s stock valued at $804,000 after buying an additional 1,517 shares during the period. Focus Partners Wealth lifted its holdings 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 worth $536,000 after buying an additional 685 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares U.S. Financial Services ETF by 62.5% during 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 last quarter. Valmark Advisers Inc. raised its holdings in iShares U.S. Financial Services ETF by 6.0% in the second quarter. Valmark Advisers Inc. now owns 3,471 shares of the company’s stock worth $297,000 after purchasing an additional 195 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of iShares U.S. Financial Services ETF by 1.4% during the 2nd quarter. US Bancorp DE now owns 11,225 shares of the company’s stock worth $961,000 after acquiring an additional 156 shares in the last quarter.

iShares U.S. Financial Services ETF Stock Performance

Shares of iShares U.S. Financial Services ETF stock traded down $0.37 during trading hours on Friday, hitting $90.28. The company’s stock had a trading volume of 87,875 shares, compared to its average volume of 122,759. The company has a market cap of $2.02 billion, a PE ratio of 18.95 and a beta of 1.11. The business has a 50 day moving average price of $91.58 and a two-hundred day moving average price of $89.29. iShares U.S. Financial Services ETF has a 12-month low of $65.98 and a 12-month high of $95.75.

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.