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

iShares U.S. Tech Independence Focused ETF (BATS:IETC) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 655 shares, a decline of 93.6% from the April 15th total of 10,258 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,090 shares, the days-to-cover ratio is presently 0.0 days.

iShares U.S. Tech Independence Focused ETF Trading Down 0.0%

IETC traded down $0.04 during trading on Monday, reaching $107.27. 36,500 shares of the company’s stock were exchanged, compared to its average volume of 67,244. iShares U.S. Tech Independence Focused ETF has a one year low of $83.91 and a one year high of $108.47. The stock has a market capitalization of $772.34 million, a PE ratio of 37.47 and a beta of 1.18. The firm has a fifty day moving average price of $94.61 and a two-hundred day moving average price of $98.37.

Institutional Investors Weigh In On iShares U.S. Tech Independence Focused ETF

A number of institutional investors have recently modified their holdings of IETC. Royal Bank of Canada boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 32.7% in the 1st quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock valued at $415,000 after purchasing an additional 1,365 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of iShares U.S. Tech Independence Focused ETF in the 1st quarter valued at $1,089,000. Cetera Investment Advisers boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 11.1% in the 2nd quarter. Cetera Investment Advisers now owns 3,622 shares of the company’s stock valued at $340,000 after purchasing an additional 361 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 1,012.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,677 shares of the company’s stock valued at $628,000 after purchasing an additional 6,077 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of iShares U.S. Tech Independence Focused ETF by 0.9% in the 2nd quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock valued at $8,039,000 after purchasing an additional 788 shares during 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.