iShares U.S. Technology ETF (NYSEARCA:IYW) Sees Large Increase in Short Interest

iShares U.S. Technology ETF (NYSEARCA:IYW) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 729,810 shares, an increase of 22.8% from the January 29th total of 594,397 shares. Based on an average daily volume of 1,454,535 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 1,454,535 shares, the days-to-cover ratio is presently 0.5 days.

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

Several institutional investors have recently made changes to their positions in IYW. Bell Investment Advisors Inc purchased a new position in iShares U.S. Technology ETF during the 2nd quarter valued at about $25,000. Monetary Solutions Ltd purchased a new stake in shares of iShares U.S. Technology ETF in the 4th quarter worth approximately $26,000. Sankala Group LLC bought a new position in shares of iShares U.S. Technology ETF during the fourth quarter valued at approximately $26,000. Triumph Capital Management bought a new position in shares of iShares U.S. Technology ETF during the third quarter valued at approximately $28,000. Finally, Miller Capital Partners Inc. purchased a new position in iShares U.S. Technology ETF during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Performance

IYW traded up $2.53 during trading on Wednesday, hitting $191.44. 2,331,576 shares of the stock were exchanged, compared to its average volume of 1,281,561. The firm has a 50 day simple moving average of $196.86 and a 200 day simple moving average of $195.90. The firm has a market cap of $20.03 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98.

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.