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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 56,759 shares, a decrease of 37.1% from the February 12th total of 90,182 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 112,231 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 112,231 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares U.S. Financial Services ETF

Hedge funds have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at approximately $28,000. Farther Finance Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at approximately $29,000. Evolution Wealth Management Inc. acquired a new stake in iShares U.S. Financial Services ETF in the 2nd quarter valued at $36,000. Finally, Smartleaf Asset Management LLC acquired a new stake in iShares U.S. Financial Services ETF in the 3rd quarter valued at $36,000.

iShares U.S. Financial Services ETF Stock Up 0.0%

Shares of IYG stock traded up $0.02 during mid-day trading on Friday, hitting $81.47. 293,051 shares of the stock were exchanged, compared to its average volume of 119,072. iShares U.S. Financial Services ETF has a 52-week low of $65.98 and a 52-week high of $95.75. The company has a market cap of $1.86 billion, a PE ratio of 18.95 and a beta of 1.11. The firm has a fifty day moving average of $89.13 and a 200 day moving average of $89.34.

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.