Short Interest in iShares U.S. Tech Independence Focused ETF (BATS:IETC) Decreases By 41.7%

iShares U.S. Tech Independence Focused ETF (BATS:IETC) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 6,905 shares, a drop of 41.7% from the July 15th total of 11,843 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 76,962 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IETC. Paladin Wealth LLC boosted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 21.0% in the second quarter. Paladin Wealth LLC now owns 26,617 shares of the company’s stock valued at $2,857,000 after acquiring an additional 4,615 shares during the period. Gradient Investments LLC increased its holdings in shares of iShares U.S. Tech Independence Focused ETF by 18.4% in the 2nd quarter. Gradient Investments LLC now owns 858,000 shares of the company’s stock valued at $92,106,000 after acquiring an additional 133,543 shares during the period. Archer Investment Management LLC purchased a new stake in iShares U.S. Tech Independence Focused ETF in the 2nd quarter valued at $234,000. NewEdge Advisors LLC raised its position in iShares U.S. Tech Independence Focused ETF by 25.0% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after purchasing an additional 150 shares during the last quarter. Finally, Vestor Capital LLC boosted its stake in iShares U.S. Tech Independence Focused ETF by 2,204.8% during the 1st quarter. Vestor Capital LLC now owns 11,086 shares of the company’s stock worth $980,000 after purchasing an additional 10,605 shares during the period.

iShares U.S. Tech Independence Focused ETF Stock Performance

IETC opened at $112.24 on Tuesday. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70. The stock has a market capitalization of $808.13 million, a P/E ratio of 37.47 and a beta of 1.18. The business’s 50-day simple moving average is $105.89 and its 200-day simple moving average is $100.74.

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.