iShares U.S. Financials ETF (NYSEARCA:IYF) Short Interest Update

iShares U.S. Financials ETF (NYSEARCA:IYF) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 985,059 shares, a growth of 58.5% from the January 29th total of 621,486 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average trading volume of 441,350 shares, the days-to-cover ratio is presently 2.2 days. Based on an average trading volume of 441,350 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IYF. Ransom Advisory Ltd purchased a new position in shares of iShares U.S. Financials ETF during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new stake in iShares U.S. Financials ETF during the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new stake in iShares U.S. Financials ETF during the 3rd quarter worth approximately $27,000. Key Capital Management INC purchased a new position in shares of iShares U.S. Financials ETF in the 4th quarter valued at approximately $28,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of iShares U.S. Financials ETF by 666.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 230 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter.

iShares U.S. Financials ETF Price Performance

Shares of IYF traded down $3.05 during mid-day trading on Friday, reaching $122.61. 645,795 shares of the company’s stock were exchanged, compared to its average volume of 439,779. The business’s fifty day simple moving average is $127.98 and its 200-day simple moving average is $125.88. The stock has a market capitalization of $4.05 billion, a PE ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 52-week low of $95.34 and a 52-week high of $133.54.

iShares U.S. Financials ETF Company Profile

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.