iShares U.S. Tech Independence Focused ETF (BATS:IETC) Sees Significant Growth in Short Interest

iShares U.S. Tech Independence Focused ETF (BATS:IETC) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 37,703 shares, an increase of 303.2% from the May 31st total of 9,352 shares. Based on an average daily volume of 81,178 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

iShares U.S. Tech Independence Focused ETF Price Performance

BATS IETC opened at $102.80 on Friday. The stock has a market capitalization of $740.16 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a one year low of $84.32 and a one year high of $118.70. The business’s fifty day moving average is $106.69 and its 200-day moving average is $99.83.

Institutional Trading of iShares U.S. Tech Independence Focused ETF

Large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in shares of iShares U.S. Tech Independence Focused ETF by 928.1% during the 4th quarter. Assetmark Inc. now owns 209,468 shares of the company’s stock worth $21,280,000 after purchasing an additional 189,094 shares during the last quarter. Two Sigma Investments LP increased its position in iShares U.S. Tech Independence Focused ETF by 403.4% in the third quarter. Two Sigma Investments LP now owns 88,100 shares of the company’s stock worth $8,980,000 after buying an additional 70,600 shares during the last quarter. Gradient Investments LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 7.9% in the fourth quarter. Gradient Investments LLC now owns 673,735 shares of the company’s stock valued at $68,445,000 after buying an additional 49,147 shares during the period. LPL Financial LLC raised its stake in shares of iShares U.S. Tech Independence Focused ETF by 16.6% in the fourth quarter. LPL Financial LLC now owns 294,702 shares of the company’s stock valued at $29,939,000 after buying an additional 41,869 shares during the period. Finally, Oakwell Private Wealth Management LLC lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 101.3% during the 1st quarter. Oakwell Private Wealth Management LLC now owns 52,534 shares of the company’s stock valued at $4,643,000 after buying an additional 26,434 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.