Short Interest in iShares Global Tech ETF (NYSEARCA:IXN) Increases By 48.3%

iShares Global Tech ETF (NYSEARCA:IXN) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 780,701 shares, a growth of 48.3% from the January 15th total of 526,302 shares. Based on an average daily trading volume, of 299,128 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.3% of the company’s shares are sold short. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 299,128 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On iShares Global Tech ETF

Hedge funds have recently made changes to their positions in the business. CreativeOne Wealth LLC lifted its stake in iShares Global Tech ETF by 6.1% in the fourth quarter. CreativeOne Wealth LLC now owns 10,534 shares of the company’s stock worth $1,106,000 after acquiring an additional 607 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of iShares Global Tech ETF by 22.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,613 shares of the company’s stock worth $171,000 after purchasing an additional 294 shares during the period. Acumen Wealth Advisors LLC bought a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at about $117,000. J. Mark Nickell & Co. bought a new stake in shares of iShares Global Tech ETF during the 4th quarter valued at about $3,191,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of iShares Global Tech ETF during the fourth quarter valued at about $1,438,000.

iShares Global Tech ETF Stock Up 0.1%

Shares of iShares Global Tech ETF stock traded up $0.07 on Friday, hitting $105.70. The stock had a trading volume of 107,899 shares, compared to its average volume of 352,313. iShares Global Tech ETF has a one year low of $63.58 and a one year high of $112.78. The stock’s 50-day simple moving average is $106.24 and its two-hundred day simple moving average is $103.33. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 34.73 and a beta of 1.24.

iShares Global Tech ETF Company Profile

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.