iShares U.S. Technology ETF (NYSEARCA:IYW) Short Interest Update

iShares U.S. Technology ETF (NYSEARCA:IYW) saw a large 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. Based on an average daily trading volume, of 946,223 shares, the short-interest ratio is currently 1.2 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 946,223 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IYW. Russell Investments Group Ltd. lifted its stake in shares of 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 valued at $140,000 after buying an additional 221 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares U.S. Technology ETF by 113.3% during the first 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 acquiring an additional 542,816 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 1st quarter worth about $1,673,000. Baird Financial Group Inc. lifted its position in 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 valued at $6,258,000 after purchasing an additional 2,689 shares during the last quarter. Finally, Flputnam Investment Management Co. boosted its stake in iShares U.S. Technology ETF by 7.8% during the 1st quarter. Flputnam Investment Management Co. now owns 3,313 shares of the exchange traded fund’s stock valued at $465,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Price Performance

Shares of NYSEARCA:IYW traded down $1.58 during midday trading on Monday, hitting $201.34. The company had a trading volume of 291,234 shares, compared to its average volume of 924,465. The business’s 50-day simple moving average is $200.61 and its 200-day simple moving average is $189.00. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a twelve month low of $117.55 and a twelve month high of $211.98.

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.