iShares S&P 100 ETF (NYSEARCA:OEF – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 75,274 shares, a decrease of 57.5% from the June 30th total of 177,042 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 224,485 shares, the days-to-cover ratio is presently 0.3 days.
iShares S&P 100 ETF Stock Down 0.1%
NYSEARCA:OEF traded down $0.22 during trading hours on Wednesday, hitting $364.00. 143,021 shares of the company traded hands, compared to its average volume of 881,063. The company has a market cap of $19.84 billion, a PE ratio of 27.17 and a beta of 1.03. The firm’s 50-day simple moving average is $367.96 and its 200-day simple moving average is $349.73. iShares S&P 100 ETF has a one year low of $306.18 and a one year high of $379.02.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Abound Wealth Management grew its position in iShares S&P 100 ETF by 408.1% in the 2nd quarter. Abound Wealth Management now owns 813 shares of the company’s stock worth $298,000 after purchasing an additional 653 shares in the last quarter. Wealth Group Ltd boosted its stake in shares of iShares S&P 100 ETF by 6.4% in the 2nd quarter. Wealth Group Ltd now owns 60,430 shares of the company’s stock worth $22,109,000 after buying an additional 3,642 shares during the last quarter. Focus Financial Network Inc. grew its holdings in shares of iShares S&P 100 ETF by 13.0% in the second quarter. Focus Financial Network Inc. now owns 6,797 shares of the company’s stock valued at $2,487,000 after acquiring an additional 783 shares in the last quarter. Vertrix Wealth Management LLC bought a new position in shares of iShares S&P 100 ETF in the second quarter valued at approximately $214,000. Finally, Valeo Financial Advisors LLC grew its holdings in shares of iShares S&P 100 ETF by 4.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,125 shares of the company’s stock valued at $412,000 after acquiring an additional 48 shares in the last quarter.
About iShares S&P 100 ETF
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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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