iShares U.S. Financial Services ETF (NYSEARCA:IYG) Short Interest Update

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 50,174 shares, a decrease of 40.9% from the March 31st total of 84,854 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 103,648 shares, the short-interest ratio is currently 0.5 days.

iShares U.S. Financial Services ETF Stock Up 0.8%

Shares of IYG traded up $0.68 during mid-day trading on Monday, reaching $87.39. The company’s stock had a trading volume of 110,016 shares, compared to its average volume of 126,398. The business has a fifty day moving average of $84.98 and a 200 day moving average of $88.30. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 18.95 and a beta of 1.02. iShares U.S. Financial Services ETF has a 1 year low of $75.95 and a 1 year high of $95.75.

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

A number of hedge funds have recently modified their holdings of the stock. RiverFront Investment Group LLC increased its stake in shares of iShares U.S. Financial Services ETF by 0.7% in the fourth quarter. RiverFront Investment Group LLC now owns 1,449,021 shares of the company’s stock worth $133,672,000 after acquiring an additional 10,089 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Financial Services ETF by 2.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,323,623 shares of the company’s stock worth $118,650,000 after acquiring an additional 27,298 shares during the last quarter. Morgan Stanley increased its stake in shares of iShares U.S. Financial Services ETF by 0.4% in the fourth quarter. Morgan Stanley now owns 1,079,849 shares of the company’s stock worth $99,616,000 after acquiring an additional 4,054 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Financial Services ETF by 234.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock worth $95,176,000 after acquiring an additional 723,555 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth $55,635,000.

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.