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

iShares U.S. Financials ETF (NYSEARCA:IYF) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 985,059 shares, an increase of 58.5% from the January 29th total of 621,486 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily volume of 441,350 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 441,350 shares, the short-interest ratio is currently 2.2 days. Approximately 3.0% of the company’s stock are sold short.

iShares U.S. Financials ETF Trading Down 0.1%

Shares of iShares U.S. Financials ETF stock traded down $0.07 during trading on Monday, reaching $122.54. The stock had a trading volume of 450,441 shares, compared to its average volume of 440,044. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. The stock has a fifty day moving average price of $127.82 and a two-hundred day moving average price of $125.89. iShares U.S. Financials ETF has a 52 week low of $95.34 and a 52 week high of $133.54.

Institutional Trading of iShares U.S. Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in iShares U.S. Financials ETF by 488.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,913,622 shares of the company’s stock valued at $504,583,000 after purchasing an additional 3,248,510 shares in the last quarter. Dynasty Wealth Management LLC lifted its position in iShares U.S. Financials ETF by 545.2% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,762,552 shares of the company’s stock worth $227,246,000 after buying an additional 1,489,376 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Financials ETF by 184.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,053,341 shares of the company’s stock worth $135,807,000 after buying an additional 682,543 shares during the last quarter. Bank of Montreal Can increased its position 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 acquiring an additional 649,026 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its holdings in 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 acquiring an additional 588,659 shares in the last quarter.

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.