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

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a significant decline in short interest during 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 86,531 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of iShares U.S. Financial Services ETF

Several institutional investors have recently bought and sold shares of the company. Centerline Wealth Advisors LLC bought a new position in shares of iShares U.S. Financial Services ETF in the fourth quarter worth approximately $4,686,000. Baltimore Washington Financial Advisors Inc. grew its holdings in shares of iShares U.S. Financial Services ETF by 2.8% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 404,827 shares of the company’s stock valued at $36,289,000 after buying an additional 11,164 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in shares of iShares U.S. Financial Services ETF during the fourth quarter valued at approximately $1,177,000. Private Advisor Group LLC increased its position in shares of iShares U.S. Financial Services ETF by 4.9% during the third quarter. Private Advisor Group LLC now owns 171,228 shares of the company’s stock valued at $15,349,000 after acquiring an additional 8,043 shares in the last quarter. Finally, Unique Wealth LLC purchased a new position in iShares U.S. Financial Services ETF in the 4th quarter worth approximately $5,518,000.

iShares U.S. Financial Services ETF Stock Down 0.3%

Shares of NYSEARCA IYG traded down $0.25 during trading on Friday, reaching $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 12-month low of $79.86 and a 12-month high of $95.75. The stock has a market cap of $2.06 billion, a PE ratio of 18.95 and a beta of 0.97. The business’s 50-day moving average is $88.14 and its 200 day moving average is $88.34.

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.