Short Interest in iShares U.S. Financials ETF (NYSEARCA:IYF) Drops By 14.0%

iShares U.S. Financials ETF (NYSEARCA:IYF) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 621,486 shares, a decrease of 14.0% from the January 15th total of 722,682 shares. Based on an average daily trading volume, of 480,301 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the company’s stock are sold short. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 480,301 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On iShares U.S. Financials ETF

Several institutional investors have recently bought and sold shares of IYF. Somerset Group LLC boosted its position in iShares U.S. Financials ETF by 0.3% during the 3rd quarter. Somerset Group LLC now owns 24,836 shares of the company’s stock valued at $3,145,000 after acquiring an additional 82 shares in the last quarter. Lpwm LLC boosted its position in iShares U.S. Financials ETF by 1.8% during the fourth quarter. Lpwm LLC now owns 4,871 shares of the company’s stock valued at $628,000 after purchasing an additional 86 shares in the last quarter. SeaCrest Wealth Management LLC grew its stake in iShares U.S. Financials ETF by 3.9% in the third quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after purchasing an additional 90 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in iShares U.S. Financials ETF by 0.6% in the third quarter. J.W. Cole Advisors Inc. now owns 16,692 shares of the company’s stock worth $2,114,000 after purchasing an additional 93 shares in the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of iShares U.S. Financials ETF by 19.4% during the fourth quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock valued at $77,000 after buying an additional 97 shares during the last quarter.

iShares U.S. Financials ETF Stock Up 0.9%

Shares of IYF stock traded up $1.11 on Tuesday, hitting $124.94. The stock had a trading volume of 206,879 shares, compared to its average volume of 437,635. iShares U.S. Financials ETF has a one year low of $95.34 and a one year high of $133.54. The business has a 50 day moving average price of $128.76 and a 200 day moving average price of $125.73. The company has a market cap of $4.13 billion, a PE ratio of 16.42 and a beta of 1.02.

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.