iShares S&P 100 ETF (NYSEARCA:OEF) Sees Significant Growth in Short Interest

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

Hedge Funds Weigh In On iShares S&P 100 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in iShares S&P 100 ETF by 2.6% during the second quarter. Bank of America Corp DE now owns 6,572,075 shares of the company’s stock worth $2,000,211,000 after buying an additional 168,990 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares S&P 100 ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 4,530,269 shares of the company’s stock valued at $1,553,746,000 after buying an additional 290,930 shares during the period. JPMorgan Chase & Co. increased its stake in iShares S&P 100 ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,791,323 shares of the company’s stock worth $957,340,000 after purchasing an additional 110,536 shares during the period. Fifth Third Bancorp lifted its holdings in iShares S&P 100 ETF by 1.3% during the 1st quarter. Fifth Third Bancorp now owns 2,582,609 shares of the company’s stock worth $821,451,000 after buying an additional 33,445 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of iShares S&P 100 ETF by 6.1% during the fourth quarter. Morgan Stanley now owns 2,555,823 shares of the company’s stock worth $876,571,000 after acquiring an additional 147,326 shares during the period.

iShares S&P 100 ETF Trading Down 0.5%

NYSEARCA:OEF traded down $1.84 during trading hours on Monday, reaching $380.69. 152,821 shares of the company were exchanged, compared to its average volume of 826,536. iShares S&P 100 ETF has a twelve month low of $306.84 and a twelve month high of $384.82. The stock’s 50-day moving average is $368.98 and its 200-day moving average is $352.90. The firm has a market cap of $20.42 billion, a PE ratio of 27.17 and a beta of 1.03.

About iShares S&P 100 ETF

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.