Short Interest in iShares U.S. Technology ETF (NYSEARCA:IYW) Increases By 103.0%

iShares U.S. Technology ETF (NYSEARCA:IYW) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 1,169,417 shares, an increase of 103.0% from the November 30th total of 576,125 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 946,223 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 946,223 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.1% of the shares of the company are sold short.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA IYW traded up $0.20 during midday trading on Friday, reaching $202.92. 350,876 shares of the company traded hands, compared to its average volume of 927,265. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. The stock has a 50-day moving average price of $200.61 and a 200 day moving average price of $189.00. iShares U.S. Technology ETF has a 52 week low of $117.55 and a 52 week high of $211.98.

Institutional Trading of iShares U.S. Technology ETF

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in iShares U.S. Technology ETF by 28.5% during the first quarter. Russell Investments Group Ltd. now owns 996 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 221 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in iShares U.S. Technology ETF by 113.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,021,938 shares of the exchange traded fund’s stock valued at $143,521,000 after purchasing an additional 542,816 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of iShares U.S. Technology ETF during the 1st quarter valued at $1,673,000. Baird Financial Group Inc. raised its stake in shares of iShares U.S. Technology ETF by 6.4% in the 1st quarter. Baird Financial Group Inc. now owns 44,557 shares of the exchange traded fund’s stock worth $6,258,000 after buying an additional 2,689 shares in the last quarter. Finally, Flputnam Investment Management Co. lifted its holdings in shares of iShares U.S. Technology ETF by 7.8% in the first quarter. Flputnam Investment Management Co. now owns 3,313 shares of the exchange traded fund’s stock valued at $465,000 after buying an additional 239 shares during the period. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Company Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified 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. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.