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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a large decline in short interest in 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. Based on an average trading volume of 139,788 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 139,788 shares, the short-interest ratio is presently 0.4 days.

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

NYSEARCA IYG opened at $87.35 on Friday. The firm has a market cap of $2.00 billion, a P/E ratio of 18.95 and a beta of 1.11. The company’s 50 day moving average is $91.82 and its 200-day moving average is $89.52. iShares U.S. Financial Services ETF has a 12-month low of $65.98 and a 12-month high of $95.75.

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

Several institutional investors have recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in shares of iShares U.S. Financial Services ETF in the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC bought 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 during the 4th quarter valued at about $29,000. Evolution Wealth Management Inc. purchased a new position in iShares U.S. Financial Services ETF during the 2nd quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC purchased a new position in iShares U.S. Financial Services ETF during the third quarter valued at approximately $36,000.

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.