iShares U.S. Tech Independence Focused ETF (BATS:IETC) Short Interest Update

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

Institutional Trading of iShares U.S. Tech Independence Focused ETF

Several hedge funds and other institutional investors have recently modified their holdings of IETC. Paladin Wealth LLC grew its stake in 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 purchasing an additional 4,615 shares in the last quarter. Gradient Investments LLC increased its position in 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 worth $92,106,000 after purchasing an additional 133,543 shares during the last quarter. Archer Investment Management LLC purchased a new stake in shares of iShares U.S. Tech Independence Focused ETF during the 2nd quarter worth about $234,000. NewEdge Advisors LLC lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 25.0% during the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the company’s stock valued at $66,000 after buying an additional 150 shares during the last quarter. Finally, Vestor Capital LLC lifted its holdings in shares of 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 valued at $980,000 after buying an additional 10,605 shares during the last quarter.

iShares U.S. Tech Independence Focused ETF Price Performance

Shares of BATS:IETC opened at $112.08 on Monday. The firm has a fifty day moving average of $105.81 and a two-hundred day moving average of $100.66. The firm has a market capitalization of $806.98 million, a P/E ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 12-month low of $84.32 and a 12-month 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.