iShares U.S. Financial Services ETF (NYSEARCA:IYG – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 46,523 shares, a decrease of 52.8% from the September 30th total of 98,569 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 216,468 shares, the short-interest ratio is presently 0.2 days.
iShares U.S. Financial Services ETF Stock Down 1.0%
Shares of IYG stock traded down $0.94 during mid-day trading on Friday, hitting $94.26. 100,588 shares of the stock were exchanged, compared to its average volume of 119,132. The firm has a fifty day moving average of $94.01 and a 200 day moving average of $90.48. iShares U.S. Financial Services ETF has a 52-week low of $79.86 and a 52-week high of $98.66. The company has a market cap of $2.23 billion, a PE ratio of 18.95 and a beta of 0.98.
Hedge Funds Weigh In On iShares U.S. Financial Services ETF
A number of large investors have recently bought and sold shares of IYG. Chicago Partners Investment Group LLC purchased a new position in iShares U.S. Financial Services ETF during the third quarter worth approximately $362,000. 3Chopt Investment Partners LLC acquired a new stake in iShares U.S. Financial Services ETF in the third quarter valued at approximately $52,000. Vise Technologies Inc. increased its position in shares of iShares U.S. Financial Services ETF by 99.1% in the third quarter. Vise Technologies Inc. now owns 7,663 shares of the company’s stock valued at $689,000 after buying an additional 3,814 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $437,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of iShares U.S. Financial Services ETF in the third quarter valued at approximately $393,000.
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.
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