iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 89,858 shares, a growth of 48.2% from the July 15th total of 60,629 shares. Based on an average daily volume of 82,755 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IYG. Triumph Capital Management acquired a new stake in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the fourth 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 fourth quarter valued at approximately $29,000. Capital Advisors Ltd. LLC boosted its position in iShares U.S. Financial Services ETF by 49.8% during the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after acquiring an additional 126 shares during the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter worth approximately $39,000.
iShares U.S. Financial Services ETF Stock Performance
IYG stock traded up $0.44 on Tuesday, reaching $97.73. The company had a trading volume of 94,171 shares, compared to its average volume of 114,707. The company’s fifty day moving average is $93.74 and its 200 day moving average is $88.99. The company has a market cap of $2.22 billion, a P/E ratio of 18.95 and a beta of 0.96. iShares U.S. Financial Services ETF has a 1 year low of $79.86 and a 1 year high of $98.39.
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.
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