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) saw a large drop in short interest in 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 stock are sold short. Based on an average trading volume of 52,090 shares, the short-interest ratio is presently 0.0 days.

iShares U.S. Tech Independence Focused ETF Stock Performance

BATS:IETC opened at $107.27 on Tuesday. The company has a 50-day moving average of $95.22 and a 200-day moving average of $98.43. The company has a market capitalization of $772.34 million, a price-to-earnings ratio of 37.47 and a beta of 1.18. iShares U.S. Tech Independence Focused ETF has a 52 week low of $83.91 and a 52 week high of $108.47.

Hedge Funds Weigh In On iShares U.S. Tech Independence Focused ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust bought a new position in shares of iShares U.S. Tech Independence Focused ETF during the 3rd quarter worth approximately $30,000. Harbour Investments Inc. lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 219.8% during the 4th quarter. Harbour Investments Inc. now owns 291 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. IFP Advisors Inc lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 688.9% during the 3rd quarter. IFP Advisors Inc now owns 355 shares of the company’s stock worth $36,000 after buying an additional 310 shares during the period. Capital Analysts LLC bought a new position in shares of iShares U.S. Tech Independence Focused ETF during the 4th quarter worth approximately $36,000. Finally, Sound Income Strategies LLC lifted its position in shares of iShares U.S. Tech Independence Focused ETF by 48.8% during the 4th quarter. Sound Income Strategies LLC now owns 442 shares of the company’s stock worth $45,000 after buying an additional 145 shares during the period.

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.