iShares U.S. Financial Services ETF (NYSEARCA:IYG) Sees Significant Growth in Short Interest

iShares U.S. Financial Services ETF (NYSEARCA:IYG) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 98,569 shares, a growth of 68.5% from the September 15th total of 58,506 shares. Based on an average daily trading volume, of 95,070 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IYG. Private Advisor Group LLC boosted its position in iShares U.S. Financial Services ETF by 17.0% during the first quarter. Private Advisor Group LLC now owns 208,916 shares of the company’s stock worth $17,307,000 after purchasing an additional 30,308 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new position in iShares U.S. Financial Services ETF during the third quarter valued at approximately $13,232,000. Unique Wealth LLC grew its holdings in iShares U.S. Financial Services ETF by 29.6% during the first quarter. Unique Wealth LLC now owns 77,515 shares of the company’s stock valued at $6,421,000 after purchasing an additional 17,698 shares during the last quarter. Cetera Investment Advisers raised its position in shares of iShares U.S. Financial Services ETF by 3.8% in the first quarter. Cetera Investment Advisers now owns 51,002 shares of the company’s stock valued at $4,225,000 after purchasing an additional 1,889 shares during the period. Finally, Centerline Wealth Advisors LLC raised its position in shares of iShares U.S. Financial Services ETF by 1.5% in the third quarter. Centerline Wealth Advisors LLC now owns 46,788 shares of the company’s stock valued at $4,207,000 after purchasing an additional 695 shares during the period.

iShares U.S. Financial Services ETF Stock Performance

IYG opened at $92.51 on Friday. The company has a market cap of $2.21 billion, a PE ratio of 18.95 and a beta of 0.98. The stock has a 50-day moving average of $94.84 and a 200-day moving average of $91.47. iShares U.S. Financial Services ETF has a 52-week low of $79.86 and a 52-week high of $98.66.

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.