iShares U.S. Financials ETF (NYSEARCA:IYF) Short Interest Down 27.0% in December

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

iShares U.S. Financials ETF Stock Performance

IYF stock traded up $0.08 on Monday, hitting $129.84. 202,686 shares of the company’s stock were exchanged, compared to its average volume of 398,462. The firm has a 50 day moving average price of $127.55 and a two-hundred day moving average price of $125.02. iShares U.S. Financials ETF has a 12-month low of $95.34 and a 12-month high of $133.54. The stock has a market cap of $4.34 billion, a P/E ratio of 16.42 and a beta of 1.02.

Institutional Trading of iShares U.S. Financials ETF

A number of institutional investors have recently bought and sold shares of IYF. Somerset Group LLC increased its stake in iShares U.S. Financials ETF by 0.3% during the 3rd quarter. Somerset Group LLC now owns 24,836 shares of the company’s stock valued at $3,145,000 after purchasing an additional 82 shares in the last quarter. Lpwm LLC grew its holdings 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 buying an additional 86 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of iShares U.S. Financials ETF by 3.9% during the third quarter. SeaCrest Wealth Management LLC now owns 2,399 shares of the company’s stock valued at $300,000 after buying an additional 90 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of iShares U.S. Financials ETF by 0.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 16,692 shares of the company’s stock valued at $2,114,000 after acquiring an additional 93 shares during the period. Finally, Vivaldi Capital Management LP raised its stake in iShares U.S. Financials ETF by 3.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 2,769 shares of the company’s stock worth $335,000 after acquiring an additional 97 shares during the last quarter.

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.