iShares U.S. Financial Services ETF (NYSEARCA:IYG) Short Interest Down 20.0% in January

iShares U.S. Financial Services ETF (NYSEARCA:IYG) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 59,163 shares, a decrease of 20.0% from the January 15th total of 73,947 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 139,788 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 139,788 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares U.S. Financial Services ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IYG. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Financial Services ETF by 234.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,031,721 shares of the company’s stock valued at $95,176,000 after buying an additional 723,555 shares during the period. OpenArc Corporate Advisory LLC purchased a new position in iShares U.S. Financial Services ETF in the fourth quarter worth approximately $55,635,000. Sagespring Wealth Partners LLC purchased a new position in iShares U.S. Financial Services ETF in the fourth quarter worth approximately $53,175,000. Dynasty Wealth Management LLC acquired a new stake in iShares U.S. Financial Services ETF during the fourth quarter worth $49,084,000. Finally, Kozak & Associates Inc. raised its position in iShares U.S. Financial Services ETF by 30.8% in the third quarter. Kozak & Associates Inc. now owns 417,733 shares of the company’s stock valued at $35,875,000 after purchasing an additional 98,267 shares during the period.

iShares U.S. Financial Services ETF Trading Up 0.9%

NYSEARCA IYG traded up $0.80 on Tuesday, reaching $88.15. 50,211 shares of the company were exchanged, compared to its average volume of 107,771. The business’s fifty day moving average price is $91.76 and its 200 day moving average price is $89.53. The stock has a market capitalization of $2.01 billion, a P/E ratio of 18.95 and a beta of 1.11. iShares U.S. Financial Services ETF has a fifty-two week low of $65.98 and a fifty-two week high of $95.75.

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.