iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 12,820 shares, a decrease of 84.7% from the May 31st total of 83,747 shares. Based on an average trading volume of 86,531 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Trading of iShares U.S. Financial Services ETF
Large investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in iShares U.S. Financial Services ETF in the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $28,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter worth about $29,000. Capital Advisors Ltd. LLC grew its stake in shares of iShares U.S. Financial Services ETF by 49.8% in the first quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock valued at $31,000 after buying an additional 126 shares in the last quarter. Finally, Merrithew & Thorsten Inc acquired a new stake in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at about $39,000.
iShares U.S. Financial Services ETF Trading Down 0.3%
Shares of IYG stock opened at $90.51 on Friday. The company has a market cap of $2.07 billion, a PE ratio of 18.95 and a beta of 0.97. The company’s fifty day simple moving average is $88.09 and its 200-day simple moving average is $88.32. iShares U.S. Financial Services ETF has a 52 week low of $79.86 and a 52 week high of $95.75.
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.
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