iShares Global Tech ETF (NYSEARCA:IXN) Sees Significant Drop in Short Interest

iShares Global Tech ETF (NYSEARCA:IXN) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 523,971 shares, a decline of 22.7% from the December 15th total of 678,001 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 152,280 shares, the short-interest ratio is currently 3.4 days. Based on an average daily trading volume, of 152,280 shares, the short-interest ratio is currently 3.4 days. Currently, 0.8% of the company’s stock are short sold.

iShares Global Tech ETF Trading Up 0.0%

Shares of iShares Global Tech ETF stock traded up $0.02 on Friday, hitting $107.34. The stock had a trading volume of 209,012 shares, compared to its average volume of 489,210. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 34.73 and a beta of 1.24. iShares Global Tech ETF has a 52-week low of $63.58 and a 52-week high of $112.78. The company’s 50 day moving average price is $105.30 and its 200 day moving average price is $101.70.

Institutional Trading of iShares Global Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC increased its stake in shares of iShares Global Tech ETF by 1.2% during the third quarter. Fisher Asset Management LLC now owns 2,995,668 shares of the company’s stock worth $309,183,000 after acquiring an additional 36,169 shares during the period. Bank of America Corp DE lifted its holdings in iShares Global Tech ETF by 0.8% in the third quarter. Bank of America Corp DE now owns 2,418,337 shares of the company’s stock valued at $249,597,000 after acquiring an additional 19,522 shares during the period. Patten & Patten Inc. TN boosted its position in shares of iShares Global Tech ETF by 4.6% during the 3rd quarter. Patten & Patten Inc. TN now owns 529,964 shares of the company’s stock worth $54,698,000 after purchasing an additional 23,330 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of iShares Global Tech ETF by 14,762.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 326,382 shares of the company’s stock worth $30,138,000 after purchasing an additional 324,186 shares in the last quarter. Finally, Sava Penzisko Drushtvo A.D. Skopje acquired a new position in shares of iShares Global Tech ETF during the 3rd quarter worth $31,504,000.

iShares Global Tech ETF Company Profile

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.