iShares U.S. Tech Independence Focused ETF (BATS:IETC – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 322 shares, a decrease of 55.8% from the September 30th total of 728 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 13,543 shares, the short-interest ratio is currently 0.0 days.
iShares U.S. Tech Independence Focused ETF Price Performance
Shares of IETC stock opened at $107.41 on Friday. The stock’s 50-day moving average is $110.83 and its 200 day moving average is $103.35. iShares U.S. Tech Independence Focused ETF has a 1-year low of $84.32 and a 1-year high of $119.00. The company has a market cap of $773.35 million, a P/E ratio of 37.47 and a beta of 1.18.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in IETC. Artesa Financial Group LLC grew its stake in shares of iShares U.S. Tech Independence Focused ETF by 0.8% during the third quarter. Artesa Financial Group LLC now owns 19,278 shares of the company’s stock worth $2,201,000 after acquiring an additional 151 shares during the last quarter. Latitude Advisors LLC acquired a new position in iShares U.S. Tech Independence Focused ETF during the 3rd quarter valued at approximately $49,000. Sigma Planning Corp purchased a new position in shares of iShares U.S. Tech Independence Focused ETF in the third quarter worth $1,859,000. Hoese & Co LLP raised its holdings in shares of iShares U.S. Tech Independence Focused ETF by 1.5% in the third quarter. Hoese & Co LLP now owns 77,940 shares of the company’s stock worth $8,897,000 after buying an additional 1,181 shares during the last quarter. Finally, Flagship Capital Management Inc. acquired a new stake in shares of iShares U.S. Tech Independence Focused ETF during the third quarter worth $212,000.
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.
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