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

iShares U.S. Technology ETF (NYSEARCA:IYW) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 735,748 shares, a decrease of 40.3% from the December 31st total of 1,233,334 shares. Based on an average trading volume of 914,944 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 914,944 shares, the short-interest ratio is currently 0.8 days.

iShares U.S. Technology ETF Stock Down 1.7%

iShares U.S. Technology ETF stock traded down $3.52 during mid-day trading on Friday, hitting $198.37. 1,560,787 shares of the stock were exchanged, compared to its average volume of 1,034,069. The firm’s fifty day simple moving average is $200.23 and its two-hundred day simple moving average is $194.19. iShares U.S. Technology ETF has a 12 month low of $117.55 and a 12 month high of $211.98. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23.

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

Institutional investors have recently added to or reduced their stakes in the business. Human Investing LLC raised its stake in iShares U.S. Technology ETF by 2.7% during the 3rd quarter. Human Investing LLC now owns 1,853 shares of the exchange traded fund’s stock worth $363,000 after buying an additional 49 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of iShares U.S. Technology ETF by 0.7% during the fourth quarter. CWA Asset Management Group LLC now owns 6,955 shares of the exchange traded fund’s stock valued at $1,389,000 after acquiring an additional 50 shares in the last quarter. Howard Capital Management Inc. raised its position in shares of iShares U.S. Technology ETF by 1.0% during the third quarter. Howard Capital Management Inc. now owns 5,403 shares of the exchange traded fund’s stock worth $1,058,000 after purchasing an additional 54 shares during the period. Occidental Asset Management LLC raised its position in shares of iShares U.S. Technology ETF by 1.2% during the third quarter. Occidental Asset Management LLC now owns 4,860 shares of the exchange traded fund’s stock worth $952,000 after purchasing an additional 56 shares during the period. Finally, Tsfg LLC lifted its holdings in shares of iShares U.S. Technology ETF by 35.4% in the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 58 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Company Profile

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.