iShares U.S. Technology ETF (NYSEARCA:IYW) Short Interest Up 107.0% in April

by · The Cerbat Gem

iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,179,328 shares, a growth of 107.0% from the March 31st total of 569,769 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,392,766 shares, the days-to-cover ratio is presently 0.8 days.

iShares U.S. Technology ETF Stock Up 2.7%

iShares U.S. Technology ETF stock traded up $5.61 during midday trading on Friday, reaching $217.17. The company’s stock had a trading volume of 629,123 shares, compared to its average volume of 1,655,126. The company has a market cap of $21.41 billion, a P/E ratio of 34.95 and a beta of 1.27. The business has a 50-day simple moving average of $192.57 and a 200-day simple moving average of $197.06. iShares U.S. Technology ETF has a fifty-two week low of $138.77 and a fifty-two week high of $217.36.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Monetary Solutions Ltd acquired a new stake in iShares U.S. Technology ETF during the fourth quarter worth approximately $26,000. Sankala Group LLC acquired a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $26,000. Miller Capital Partners Inc. purchased a new position in shares of iShares U.S. Technology ETF in the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in shares of iShares U.S. Technology ETF in the 3rd quarter valued at $28,000. Finally, Bangor Savings Bank acquired a new stake in iShares U.S. Technology ETF during the 3rd quarter worth $31,000. 57.65% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Technology ETF Company Profile

(Get Free Report)

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.

See Also