Short Interest in iShares U.S. Technology ETF (NYSEARCA:IYW) Decreases By 40.3%

iShares U.S. Technology ETF (NYSEARCA:IYW) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 735,748 shares, a decline of 40.3% from the December 31st total of 1,233,334 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 914,944 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 914,944 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the company’s stock are sold short.

iShares U.S. Technology ETF Trading Down 1.0%

NYSEARCA:IYW traded down $2.07 on Friday, reaching $199.82. 126,751 shares of the stock traded hands, compared to its average volume of 958,031. The company has a market capitalization of $20.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The company’s fifty day simple moving average is $200.07 and its 200 day simple moving average is $193.79.

Hedge Funds Weigh In On iShares U.S. Technology ETF

A number of hedge funds have recently added to or reduced their stakes in IYW. KTF Investments LLC purchased a new position in shares of iShares U.S. Technology ETF in the fourth quarter worth $280,000. Eagle Wealth Advisors LLC purchased a new position in iShares U.S. Technology ETF in the 4th quarter worth about $427,000. Physician Wealth Advisors Inc. lifted its stake in iShares U.S. Technology ETF by 16.2% during the 4th quarter. Physician Wealth Advisors Inc. now owns 1,541 shares of the exchange traded fund’s stock valued at $308,000 after acquiring an additional 215 shares during the period. Atlas Legacy Advisors LLC boosted its holdings in shares of iShares U.S. Technology ETF by 11.7% during the 4th quarter. Atlas Legacy Advisors LLC now owns 238,284 shares of the exchange traded fund’s stock valued at $47,558,000 after acquiring an additional 24,962 shares during the last quarter. Finally, Inscription Capital LLC grew its stake in shares of iShares U.S. Technology ETF by 5.1% in the fourth quarter. Inscription Capital LLC now owns 17,512 shares of the exchange traded fund’s stock worth $3,497,000 after acquiring an additional 854 shares during the period. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

About iShares U.S. Technology ETF

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.