iShares U.S. Financial Services ETF (NYSEARCA:IYG) Short Interest Down 36.0% in December

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 18,320 shares, a drop of 36.0% from the November 30th total of 28,644 shares. Based on an average trading volume of 177,271 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 177,271 shares, the short-interest ratio is presently 0.1 days.

iShares U.S. Financial Services ETF Stock Down 0.6%

iShares U.S. Financial Services ETF stock traded down $0.59 on Monday, hitting $93.25. The company’s stock had a trading volume of 134,770 shares, compared to its average volume of 91,728. iShares U.S. Financial Services ETF has a one year low of $65.98 and a one year high of $94.31. The company has a fifty day moving average price of $89.54 and a 200-day moving average price of $88.07. The firm has a market cap of $2.01 billion, a P/E ratio of 18.95 and a beta of 1.11.

Institutional Trading of iShares U.S. Financial Services ETF

Several hedge funds and other institutional investors have recently modified their holdings of IYG. Triumph Capital Management acquired a new position in shares of iShares U.S. Financial Services ETF during the 3rd quarter worth approximately $26,000. Evolution Wealth Management Inc. bought a new position in iShares U.S. Financial Services ETF in the second quarter valued at about $36,000. Smartleaf Asset Management LLC acquired a new position in shares of iShares U.S. Financial Services ETF during the third quarter worth $36,000. AlphaCore Capital LLC increased its stake in shares of iShares U.S. Financial Services ETF by 1,173.2% in the second quarter. AlphaCore Capital LLC now owns 522 shares of the company’s stock valued at $45,000 after buying an additional 481 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of iShares U.S. Financial Services ETF during the third quarter worth $49,000.

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.