Short Interest in iShares U.S. Financial Services ETF (NYSEARCA:IYG) Drops By 20.0%

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 59,163 shares, a decline of 20.0% from the January 15th total of 73,947 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 139,788 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 139,788 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

iShares U.S. Financial Services ETF Trading Up 0.0%

NYSEARCA IYG opened at $87.35 on Friday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 18.95 and a beta of 1.11. The firm’s fifty day moving average price is $91.82 and its two-hundred day moving average price is $89.52. iShares U.S. Financial Services ETF has a 1 year low of $65.98 and a 1 year high of $95.75.

Institutional Trading of iShares U.S. Financial Services ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Triumph Capital Management bought a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in iShares U.S. Financial Services ETF during the fourth quarter worth $28,000. Farther Finance Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter valued at $29,000. Evolution Wealth Management Inc. acquired a new position in shares of iShares U.S. Financial Services ETF in the second quarter valued at $36,000. Finally, Smartleaf Asset Management LLC bought a new position in iShares U.S. Financial Services ETF in the 3rd quarter valued at about $36,000.

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.