Short Interest in iShares U.S. Financial Services ETF (NYSEARCA:IYG) Decreases By 84.7%

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 12,820 shares, a decline of 84.7% from the May 31st total of 83,747 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 86,531 shares, the short-interest ratio is presently 0.1 days.

iShares U.S. Financial Services ETF Stock Performance

NYSEARCA IYG traded down $0.25 during trading hours on Friday, hitting $90.26. The company had a trading volume of 64,499 shares, compared to its average volume of 119,640. iShares U.S. Financial Services ETF has a 52 week low of $79.86 and a 52 week high of $95.75. The firm has a 50 day simple moving average of $88.14 and a 200 day simple moving average of $88.34. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 18.95 and a beta of 0.97.

Institutional Trading of iShares U.S. Financial Services ETF

Several large investors have recently modified their holdings of IYG. Triumph Capital Management bought a new position in iShares U.S. Financial Services ETF during the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in iShares U.S. Financial Services ETF in the 4th quarter worth about $28,000. Farther Finance Advisors LLC purchased a new position in iShares U.S. Financial Services ETF in the 4th quarter valued at $29,000. Capital Advisors Ltd. LLC raised its holdings in shares of iShares U.S. Financial Services ETF by 49.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 379 shares of the company’s stock worth $31,000 after acquiring an additional 126 shares during the period. Finally, Merrithew & Thorsten Inc purchased a new stake in iShares U.S. Financial Services ETF in the 4th quarter valued at about $39,000.

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.