iShares U.S. Tech Independence Focused ETF (BATS:IETC) Short Interest Down 93.6% in April

iShares U.S. Tech Independence Focused ETF (BATS:IETC) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 655 shares, a drop of 93.6% from the April 15th total of 10,258 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 52,090 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IETC. Royal Bank of Canada raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 32.7% during the first quarter. Royal Bank of Canada now owns 5,535 shares of the company’s stock worth $415,000 after purchasing an additional 1,365 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of iShares U.S. Tech Independence Focused ETF during the first quarter worth $1,089,000. Cetera Investment Advisers increased its holdings in iShares U.S. Tech Independence Focused ETF by 11.1% in the second quarter. Cetera Investment Advisers now owns 3,622 shares of the company’s stock valued at $340,000 after buying an additional 361 shares in the last quarter. NewEdge Advisors LLC increased its holdings in iShares U.S. Tech Independence Focused ETF by 1,012.8% in the second quarter. NewEdge Advisors LLC now owns 6,677 shares of the company’s stock valued at $628,000 after buying an additional 6,077 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in iShares U.S. Tech Independence Focused ETF by 0.9% in the second quarter. Raymond James Financial Inc. now owns 85,517 shares of the company’s stock valued at $8,039,000 after buying an additional 788 shares in the last quarter.

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

Shares of BATS IETC traded down $0.03 during midday trading on Wednesday, reaching $105.90. The company had a trading volume of 15,923 shares, compared to its average volume of 66,169. The business’s 50-day simple moving average is $95.52 and its 200 day simple moving average is $98.46. iShares U.S. Tech Independence Focused ETF has a 1 year low of $84.32 and a 1 year high of $108.47. The stock has a market cap of $762.48 million, a P/E ratio of 37.47 and a beta of 1.18.

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.