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

iShares U.S. Tech Independence Focused ETF (BATS:IETC) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 37,703 shares, a growth of 303.2% from the May 31st total of 9,352 shares. Based on an average daily volume of 81,178 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

iShares U.S. Tech Independence Focused ETF Stock Performance

Shares of iShares U.S. Tech Independence Focused ETF stock opened at $102.80 on Friday. The company has a market capitalization of $740.16 million, a PE ratio of 37.47 and a beta of 1.18. The company has a 50-day simple moving average of $106.69 and a two-hundred day simple moving average of $99.83. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. lifted its position in iShares U.S. Tech Independence Focused ETF by 928.1% during the fourth quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock valued at $21,280,000 after acquiring an additional 189,094 shares during the last quarter. Two Sigma Investments LP grew its holdings in iShares U.S. Tech Independence Focused ETF by 403.4% in the third quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock worth $8,980,000 after purchasing an additional 70,600 shares during the last quarter. Gradient Investments LLC increased its position in shares of iShares U.S. Tech Independence Focused ETF by 7.9% during the fourth quarter. Gradient Investments LLC now owns 673,735 shares of the company’s stock worth $68,445,000 after purchasing an additional 49,147 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares U.S. Tech Independence Focused ETF by 16.6% during the fourth quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock worth $29,939,000 after purchasing an additional 41,869 shares in the last quarter. Finally, Oakwell Private Wealth Management LLC lifted its holdings in shares of iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after purchasing an additional 26,434 shares during the last quarter.

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.