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 growth in short interest in June. As of June 15th, there was short interest totaling 37,703 shares, a growth of 303.2% from the May 31st total of 9,352 shares. Based on an average daily volume of 81,178 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

iShares U.S. Tech Independence Focused ETF Stock Performance

BATS IETC opened at $102.80 on Friday. The business has a fifty day moving average price of $106.69 and a 200 day moving average price of $99.83. The company has a market cap of $740.16 million, a P/E ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70.

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

A number of hedge funds have recently modified their holdings of the business. Gradient Investments LLC lifted its stake in shares of iShares U.S. Tech Independence Focused ETF by 7.9% in the fourth quarter. Gradient Investments LLC now owns 673,735 shares of the company’s stock worth $68,445,000 after buying an additional 49,147 shares in the last quarter. LPL Financial LLC boosted its position in iShares U.S. Tech Independence Focused ETF by 16.6% during the fourth quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock worth $29,939,000 after acquiring an additional 41,869 shares during the last quarter. Assetmark Inc. raised its holdings in iShares U.S. Tech Independence Focused ETF by 928.1% in the 4th quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock valued at $21,280,000 after acquiring an additional 189,094 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares U.S. Tech Independence Focused ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,371 shares of the company’s stock valued at $10,639,000 after acquiring an additional 412 shares during the last quarter. Finally, Apexium Financial LP lifted its stake in iShares U.S. Tech Independence Focused ETF by 33.2% in the 3rd quarter. Apexium Financial LP now owns 89,167 shares of the company’s stock worth $9,089,000 after purchasing an additional 22,235 shares in 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.