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

iShares U.S. Financials ETF (NYSEARCA:IYF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 609,989 shares, a drop of 27.0% from the December 15th total of 835,936 shares. Based on an average daily trading volume, of 231,702 shares, the short-interest ratio is currently 2.6 days. Currently, 1.9% of the company’s shares are short sold. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 231,702 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of iShares U.S. Financials ETF

Several hedge funds have recently made changes to their positions in IYF. CoreCap Advisors LLC lifted its position in shares of iShares U.S. Financials ETF by 979.6% during the 3rd quarter. CoreCap Advisors LLC now owns 35,518 shares of the company’s stock worth $4,498,000 after buying an additional 32,228 shares during the last quarter. Advisory Services Network LLC raised its stake in iShares U.S. Financials ETF by 1,871.1% during the 2nd quarter. Advisory Services Network LLC now owns 91,004 shares of the company’s stock worth $11,116,000 after acquiring an additional 86,387 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in iShares U.S. Financials ETF during the 2nd quarter worth $736,000. Assetmark Inc. purchased a new stake in iShares U.S. Financials ETF in the second quarter valued at $63,000. Finally, HBW Advisory Services LLC acquired a new position in iShares U.S. Financials ETF in the third quarter valued at $507,000.

iShares U.S. Financials ETF Price Performance

Shares of IYF stock traded up $0.08 on Friday, hitting $129.84. The stock had a trading volume of 202,686 shares, compared to its average volume of 398,462. The company’s 50 day moving average price is $127.55 and its 200-day moving average price is $125.02. iShares U.S. Financials ETF has a 1 year low of $95.34 and a 1 year high of $133.54. The firm has a market capitalization of $4.34 billion, a P/E ratio of 16.42 and a beta of 1.02.

About iShares U.S. Financials ETF

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.