iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 29,696 shares, an increase of 131.6% from the June 15th total of 12,820 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 57,373 shares, the short-interest ratio is presently 0.5 days.
iShares U.S. Financial Services ETF Trading Up 1.0%
Shares of IYG traded up $0.99 during trading hours on Wednesday, reaching $95.59. 82,180 shares of the stock traded hands, compared to its average volume of 121,982. iShares U.S. Financial Services ETF has a 52-week low of $79.86 and a 52-week high of $95.94. The company’s 50-day moving average price is $89.58 and its two-hundred day moving average price is $88.41. The company has a market cap of $2.09 billion, a P/E ratio of 18.95 and a beta of 0.96.
Institutional Trading of iShares U.S. Financial Services ETF
Institutional investors have recently made changes to their positions in the business. Centerline Wealth Advisors LLC purchased a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter worth $4,686,000. Cyndeo Wealth Partners LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at about $1,177,000. Unique Wealth LLC purchased a new stake in shares of iShares U.S. Financial Services ETF during the 4th quarter valued at about $5,518,000. Dynasty Wealth Management LLC bought a new position in shares of iShares U.S. Financial Services ETF in the 4th quarter valued at about $49,084,000. Finally, Brendel Financial Advisors LLC purchased a new position in iShares U.S. Financial Services ETF in the fourth quarter worth about $950,000.
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.
See Also
- Five stocks we like better than iShares U.S. Financial Services ETF
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for iShares U.S. Financial Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Financial Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
