Short Interest in iShares S&P 100 ETF (NYSEARCA:OEF) Increases By 72.5%

iShares S&P 100 ETF (NYSEARCA:OEF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 129,861 shares, a growth of 72.5% from the July 15th total of 75,274 shares. Based on an average daily trading volume, of 294,505 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

iShares S&P 100 ETF Stock Down 0.4%

OEF stock traded down $1.62 during trading on Tuesday, reaching $379.07. 95,505 shares of the company’s stock were exchanged, compared to its average volume of 821,868. iShares S&P 100 ETF has a 1-year low of $306.84 and a 1-year high of $384.82. The firm has a market cap of $20.34 billion, a PE ratio of 27.17 and a beta of 1.03. The company’s fifty day moving average price is $369.26 and its 200-day moving average price is $353.15.

Hedge Funds Weigh In On iShares S&P 100 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of OEF. BlueCrest Capital Management Ltd bought a new stake in iShares S&P 100 ETF during the third quarter worth approximately $307,934,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares S&P 100 ETF by 203.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,282,015 shares of the company’s stock valued at $439,693,000 after purchasing an additional 859,264 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares S&P 100 ETF by 6.9% in the fourth quarter. LPL Financial LLC now owns 4,530,269 shares of the company’s stock worth $1,553,746,000 after buying an additional 290,930 shares during the period. Orion Porfolio Solutions LLC boosted its stake in iShares S&P 100 ETF by 1,097.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 315,175 shares of the company’s stock worth $95,924,000 after purchasing an additional 288,847 shares during the period. Finally, Focus Partners Wealth grew its holdings in shares of iShares S&P 100 ETF by 36.0% during the fourth quarter. Focus Partners Wealth now owns 1,042,292 shares of the company’s stock valued at $357,453,000 after buying an additional 275,818 shares in the last quarter.

iShares S&P 100 ETF Company Profile

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.