iShares U.S. Financials ETF (NYSEARCA:IYF) Sees Significant Drop in Short Interest

iShares U.S. Financials ETF (NYSEARCA:IYF) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 609,887 shares, a drop of 38.1% from the February 12th total of 985,059 shares. Based on an average daily volume of 417,332 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the company’s shares are short sold. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 417,332 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On iShares U.S. Financials ETF

Several large investors have recently added to or reduced their stakes in IYF. Somerset Group LLC grew its stake in iShares U.S. Financials ETF by 0.3% in the 3rd quarter. Somerset Group LLC now owns 24,836 shares of the company’s stock worth $3,145,000 after acquiring an additional 82 shares in the last quarter. Lpwm LLC raised its stake in shares of iShares U.S. Financials ETF by 1.8% during the fourth quarter. Lpwm LLC now owns 4,871 shares of the company’s stock valued at $628,000 after acquiring an additional 86 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of iShares U.S. Financials ETF by 3.9% in the third quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after purchasing an additional 90 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of iShares U.S. Financials ETF by 0.6% in the third quarter. J.W. Cole Advisors Inc. now owns 16,692 shares of the company’s stock valued at $2,114,000 after purchasing an additional 93 shares during the period. Finally, Root Financial Partners LLC grew its stake in iShares U.S. Financials ETF by 19.4% in the fourth quarter. Root Financial Partners LLC now owns 597 shares of the company’s stock worth $77,000 after purchasing an additional 97 shares in the last quarter.

iShares U.S. Financials ETF Trading Down 0.0%

Shares of IYF traded down $0.02 during trading hours on Friday, reaching $116.08. 1,060,603 shares of the company traded hands, compared to its average volume of 471,437. The stock’s fifty day moving average price is $125.91 and its 200 day moving average price is $125.62. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 16.42 and a beta of 1.02. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $133.54.

iShares U.S. Financials ETF Company Profile

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.