iShares U.S. Financials ETF (NYSEARCA:IYF) Short Interest Down 38.1% in February

iShares U.S. Financials ETF (NYSEARCA:IYF) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 609,887 shares, a decline of 38.1% from the February 12th total of 985,059 shares. Based on an average trading volume of 417,332 shares, the short-interest ratio is currently 1.5 days. Approximately 1.8% of the company’s stock are short sold. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 417,332 shares, the short-interest ratio is currently 1.5 days.

iShares U.S. Financials ETF Trading Down 0.0%

IYF traded down $0.02 during trading on Friday, hitting $116.08. 1,060,603 shares of the company’s stock traded hands, compared to its average volume of 471,437. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $133.54. The company’s 50 day simple moving average is $125.91 and its two-hundred day simple moving average is $125.62.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Advisortrust Partners LLC bought a new position in shares of iShares U.S. Financials ETF in the 4th quarter worth approximately $11,466,000. Hsbc Holdings PLC bought a new stake in iShares U.S. Financials ETF during the fourth quarter valued at approximately $103,827,000. Reflection Asset Management purchased a new stake in iShares U.S. Financials ETF during the fourth quarter valued at approximately $105,000. Strategic Investment Solutions Inc. IL purchased a new stake in iShares U.S. Financials ETF during the fourth quarter valued at approximately $313,000. Finally, Sunbelt Securities Inc. raised its position in iShares U.S. Financials ETF by 3.8% in the fourth quarter. Sunbelt Securities Inc. now owns 6,400 shares of the company’s stock worth $825,000 after acquiring an additional 234 shares during the period.

iShares U.S. Financials ETF Company Profile

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.