iShares S&P 100 ETF (NYSEARCA:OEF) Sees Significant Drop in Short Interest

iShares S&P 100 ETF (NYSEARCA:OEFGet Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 277,900 shares, a drop of 22.8% from the August 15th total of 360,100 shares. Based on an average daily volume of 237,500 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 237,500 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On iShares S&P 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of iShares S&P 100 ETF by 26,983.5% in the 1st quarter. GAMMA Investing LLC now owns 23,021 shares of the company’s stock valued at $6,235,000 after purchasing an additional 22,936 shares during the last quarter. QRG Capital Management Inc. bought a new stake in iShares S&P 100 ETF during the 1st quarter worth $277,000. Flow Traders U.S. LLC bought a new stake in iShares S&P 100 ETF during the 1st quarter worth $7,688,000. Ieq Capital LLC grew its position in iShares S&P 100 ETF by 0.5% during the 1st quarter. Ieq Capital LLC now owns 805,847 shares of the company’s stock worth $218,248,000 after acquiring an additional 4,079 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new stake in iShares S&P 100 ETF during the 1st quarter worth $227,000.

iShares S&P 100 ETF Stock Performance

Shares of OEF opened at $329.58 on Wednesday. iShares S&P 100 ETF has a 52-week low of $232.57 and a 52-week high of $330.47. The business’s fifty day moving average is $316.67 and its 200-day moving average is $292.10. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 27.17 and a beta of 0.99.

iShares S&P 100 ETF Company Profile

(Get Free Report)

iShares S&P 100 ETF, formerly iShares S&P 100 Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 100 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market and consists of blue chip stocks from diverse industries in the S&P 500 Index.

Further Reading

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