iShares U.S. Financial Services ETF (NYSEARCA:IYG) Short Interest Update

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 89,858 shares, a growth of 48.2% from the July 15th total of 60,629 shares. Based on an average daily trading volume, of 82,755 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are sold short.

iShares U.S. Financial Services ETF Stock Down 0.1%

NYSEARCA:IYG traded down $0.14 during midday trading on Wednesday, hitting $97.43. The stock had a trading volume of 38,316 shares, compared to its average volume of 114,408. The stock has a 50-day moving average of $93.91 and a 200 day moving average of $89.04. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 18.95 and a beta of 0.96. iShares U.S. Financial Services ETF has a one year low of $79.86 and a one year high of $98.39.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

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

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.