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

iShares U.S. Tech Independence Focused ETF (BATS:IETC) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 11,843 shares, a drop of 74.4% from the June 30th total of 46,274 shares. Based on an average daily volume of 24,652 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares U.S. Tech Independence Focused ETF

A number of hedge funds have recently bought and sold shares of IETC. Financial Perspectives Inc lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 1.3% during the 4th quarter. Financial Perspectives Inc now owns 10,859 shares of the company’s stock worth $1,103,000 after purchasing an additional 137 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 48.8% during the fourth quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after buying an additional 145 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of iShares U.S. Tech Independence Focused ETF by 25.0% in the first quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after acquiring an additional 150 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 6.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,217 shares of the company’s stock worth $331,000 after acquiring an additional 183 shares during the last quarter. Finally, Creative Planning increased its position in iShares U.S. Tech Independence Focused ETF by 3.8% during the third quarter. Creative Planning now owns 5,464 shares of the company’s stock worth $557,000 after acquiring an additional 199 shares during the period.

iShares U.S. Tech Independence Focused ETF Trading Down 1.1%

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $100.96 on Friday. The firm has a fifty day simple moving average of $107.05 and a 200-day simple moving average of $100.10. iShares U.S. Tech Independence Focused ETF has a 1-year low of $84.32 and a 1-year high of $118.70. The stock has a market capitalization of $726.91 million, a price-to-earnings ratio of 37.47 and a beta of 1.18.

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.