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 decline in short interest in the month of July. As of July 15th, there was short interest totaling 11,843 shares, a decline of 74.4% from the June 30th total of 46,274 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 24,652 shares, the short-interest ratio is currently 0.5 days.

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

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 32.7% during the first quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after purchasing an additional 1,365 shares during the period. Goldman Sachs Group Inc. acquired a new position in iShares U.S. Tech Independence Focused ETF in the 1st quarter valued at approximately $1,089,000. Cetera Investment Advisers lifted its position in iShares U.S. Tech Independence Focused ETF by 11.1% in the 2nd quarter. Cetera Investment Advisers now owns 3,622 shares of the company’s stock worth $340,000 after buying an additional 361 shares in the last quarter. NewEdge Advisors LLC lifted its position in iShares U.S. Tech Independence Focused ETF by 1,012.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,677 shares of the company’s stock worth $628,000 after buying an additional 6,077 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in iShares U.S. Tech Independence Focused ETF by 0.9% in the 2nd quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock worth $8,039,000 after buying an additional 788 shares in the last quarter.

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 stock has a 50-day moving average price of $107.05 and a 200 day moving average price of $100.10. The company has a market cap of $726.91 million, a P/E ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 1 year low of $84.32 and a 1 year high of $118.70.

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.