iShares U.S. Tech Independence Focused ETF (BATS:IETC) Shares Shorted: Short Interest Down 55.8% in October

iShares U.S. Tech Independence Focused ETF (BATS:IETC) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 322 shares, a drop of 55.8% from the September 30th total of 728 shares. Based on an average trading volume of 13,543 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

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

Several institutional investors have recently bought and sold shares of IETC. Gradient Investments LLC raised its position in iShares U.S. Tech Independence Focused ETF by 18.4% in the second quarter. Gradient Investments LLC now owns 858,000 shares of the company’s stock valued at $92,106,000 after purchasing an additional 133,543 shares during the period. Hoese & Co LLP grew its position in iShares U.S. Tech Independence Focused ETF by 1.5% during the third quarter. Hoese & Co LLP now owns 77,940 shares of the company’s stock worth $8,897,000 after buying an additional 1,181 shares during the period. Oakwell Private Wealth Management LLC lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 101.3% in the first 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 in the last quarter. Citadel Advisors LLC boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 170.2% during the 2nd quarter. Citadel Advisors LLC now owns 38,686 shares of the company’s stock worth $4,153,000 after purchasing an additional 24,370 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of iShares U.S. Tech Independence Focused ETF by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 36,369 shares of the company’s stock worth $3,904,000 after buying an additional 2,594 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Down 4.9%

BATS:IETC opened at $102.17 on Friday. iShares U.S. Tech Independence Focused ETF has a 52 week low of $84.32 and a 52 week high of $119.00. The stock has a market cap of $735.62 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. The company’s 50 day moving average price is $110.72 and its 200-day moving average price is $103.35.

iShares U.S. Tech Independence Focused ETF Company Profile

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.