iShares U.S. Technology ETF (NYSEARCA:IYW) Stock Short Interest Falls 46.1%

iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 477,601 shares, a decline of 46.1% from the August 31st total of 886,319 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 508,098 shares, the days-to-cover ratio is currently 0.9 days.

iShares U.S. Technology ETF Stock Performance

NYSEARCA:IYW traded up $1.56 during midday trading on Wednesday, reaching $264.90. 345,327 shares of the stock traded hands, compared to its average volume of 1,095,998. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $267.24. The business has a 50-day moving average of $251.02 and a two-hundred day moving average of $234.87. The stock has a market capitalization of $26.58 billion, a PE ratio of 34.95 and a beta of 1.36.

Hedge Funds Weigh In On iShares U.S. Technology ETF

A number of large investors have recently made changes to their positions in the business. Monetary Solutions Ltd acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth $26,000. Sankala Group LLC purchased a new position in iShares U.S. Technology ETF during the 4th quarter worth $26,000. Citizens National Bank Trust Department acquired a new position in iShares U.S. Technology ETF during the 1st quarter valued at about $31,000. Nalls Sherbakoff Group LLC acquired a new position in iShares U.S. Technology ETF during the 4th quarter valued at about $40,000. Finally, Grove Bank & Trust acquired a new position in iShares U.S. Technology ETF during the 2nd quarter valued at about $55,000. 57.65% of the stock is owned by institutional investors and hedge funds.

About iShares U.S. Technology ETF

(Get Free Report)

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.

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