iShares U.S. Tech Independence Focused ETF (BATS:IETC) Short Interest Update

iShares U.S. Tech Independence Focused ETF (BATS:IETC) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 728 shares, a decrease of 91.8% from the September 15th total of 8,913 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 19,107 shares, the short-interest ratio is currently 0.0 days.

iShares U.S. Tech Independence Focused ETF Trading Up 0.8%

BATS IETC traded up $0.91 during trading on Friday, hitting $116.75. 15,648 shares of the company traded hands, compared to its average volume of 51,401. iShares U.S. Tech Independence Focused ETF has a 12 month low of $84.32 and a 12 month high of $119.00. The business has a fifty day simple moving average of $110.75 and a 200 day simple moving average of $105.61. The company has a market capitalization of $840.60 million, a P/E ratio of 37.47 and a beta of 1.18.

Hedge Funds Weigh In On iShares U.S. Tech Independence Focused ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gradient Investments LLC lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 18.4% during the second quarter. Gradient Investments LLC now owns 858,000 shares of the company’s stock worth $92,106,000 after buying an additional 133,543 shares during the last quarter. Oakwell Private Wealth Management LLC raised its stake in iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after purchasing an additional 26,434 shares during the last quarter. Citadel Advisors LLC boosted its holdings in iShares U.S. Tech Independence Focused ETF by 170.2% in the 2nd quarter. Citadel Advisors LLC now owns 38,686 shares of the company’s stock valued at $4,153,000 after purchasing an additional 24,370 shares during the period. Liberty One Investment Management LLC bought a new stake in iShares U.S. Tech Independence Focused ETF in the 1st quarter valued at $1,660,000. Finally, Royal Bank of Canada grew its position in iShares U.S. Tech Independence Focused ETF by 84.7% in the 1st quarter. Royal Bank of Canada now owns 40,924 shares of the company’s stock worth $3,617,000 after purchasing an additional 18,763 shares during the last quarter.

About iShares U.S. Tech Independence Focused ETF

The iShares Evolved U.S. Technology ETF (IETC) is an exchange-traded fund that is based on the MSCI USA IMI Information Technology index. The fund is an actively managed fund of US stocks in the information technology sector according to an alternative classification system defined by machine learning algorithms. The market cap-weighted fund targets an increased exposure to firms with high Technology Independence Score. IETC was launched on Mar 21, 2018 and is managed by BlackRock.