iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 29,696 shares, a growth of 131.6% from the June 15th total of 12,820 shares. Based on an average trading volume of 57,373 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.
iShares U.S. Financial Services ETF Stock Performance
NYSEARCA:IYG traded up $0.14 during trading hours on Thursday, hitting $95.73. The stock had a trading volume of 25,104 shares, compared to its average volume of 121,245. iShares U.S. Financial Services ETF has a one year low of $79.86 and a one year high of $95.95. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 18.95 and a beta of 0.96. The business’s 50 day moving average is $89.58 and its 200-day moving average is $88.41.
Institutional Trading of iShares U.S. Financial Services ETF
Several hedge funds have recently added to or reduced their stakes in IYG. NewEdge Advisors LLC grew its stake in iShares U.S. Financial Services ETF by 17.4% in the first quarter. NewEdge Advisors LLC now owns 10,232 shares of the company’s stock valued at $804,000 after acquiring an additional 1,517 shares during the period. Focus Partners Wealth raised its position in shares of iShares U.S. Financial Services ETF by 11.2% during the first quarter. Focus Partners Wealth now owns 6,826 shares of the company’s stock worth $536,000 after purchasing an additional 685 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of iShares U.S. Financial Services ETF by 3.8% during the 2nd quarter. Baird Financial Group Inc. now owns 8,694 shares of the company’s stock valued at $744,000 after purchasing an additional 320 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of iShares U.S. Financial Services ETF by 267.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,368 shares of the company’s stock valued at $203,000 after purchasing an additional 1,724 shares in the last quarter. Finally, Florida Financial Advisors LLC acquired a new position in shares of iShares U.S. Financial Services ETF in the 2nd quarter valued at approximately $394,000.
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.
See Also
- Five stocks we like better than iShares U.S. Financial Services ETF
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
- Trump Accounts: Comparing the 5 Selected Low-Cost Index ETFs
Receive News & Ratings for iShares U.S. Financial Services ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares U.S. Financial Services ETF and related companies with MarketBeat.com's FREE daily email newsletter.
