iShares U.S. Tech Independence Focused ETF (BATS:IETC) Stock Short Interest Declines 91.8%

iShares U.S. Tech Independence Focused ETF (BATS:IETC) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 728 shares, a decline of 91.8% from the September 15th total of 8,913 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 19,107 shares, the short-interest ratio is currently 0.0 days.

iShares U.S. Tech Independence Focused ETF Stock Up 0.8%

IETC traded up $0.91 during trading on Friday, reaching $116.75. 15,648 shares of the company’s stock were exchanged, compared to its average volume of 51,401. The company has a market capitalization of $840.60 million, a P/E ratio of 37.47 and a beta of 1.18. The business has a 50 day moving average price of $110.75 and a 200 day moving average price of $105.61. iShares U.S. Tech Independence Focused ETF has a fifty-two week low of $84.32 and a fifty-two week high of $119.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Gradient Investments LLC grew its stake 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 purchasing an additional 133,543 shares during the period. Oakwell Private Wealth Management LLC raised its stake in iShares U.S. Tech Independence Focused ETF by 101.3% during the first quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock worth $4,643,000 after acquiring an additional 26,434 shares in the last quarter. Mattson Financial Services LLC raised its stake in iShares U.S. Tech Independence Focused ETF by 8.5% during the fourth quarter. Mattson Financial Services LLC now owns 44,137 shares of the company’s stock worth $4,484,000 after acquiring an additional 3,444 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 84.7% during the first quarter. Royal Bank of Canada now owns 40,924 shares of the company’s stock valued at $3,617,000 after acquiring an additional 18,763 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 170.2% in the 2nd quarter. Citadel Advisors LLC now owns 38,686 shares of the company’s stock valued at $4,153,000 after purchasing an additional 24,370 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.