Short Interest in iShares U.S. Technology ETF (NYSEARCA:IYW) Grows By 103.0%

by · The Cerbat Gem

iShares U.S. Technology ETF (NYSEARCA:IYW – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,169,417 shares, an increase of 103.0% from the November 30th total of 576,125 shares. Based on an average trading volume of 946,223 shares, the short-interest ratio is presently 1.2 days. Approximately 1.1% of the company’s shares are short sold. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 946,223 shares, the short-interest ratio is presently 1.2 days.

iShares U.S. Technology ETF Trading Up 0.1%

Shares of iShares U.S. Technology ETF stock traded up $0.20 during trading hours on Friday, reaching $202.92. The stock had a trading volume of 350,876 shares, compared to its average volume of 927,265. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 34.95 and a beta of 1.23. iShares U.S. Technology ETF has a 1 year low of $117.55 and a 1 year high of $211.98. The firm has a 50 day simple moving average of $200.61 and a two-hundred day simple moving average of $188.67.

Institutional Investors Weigh In On iShares U.S. Technology ETF

Several institutional investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC raised its stake in shares of iShares U.S. Technology ETF by 18,553.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,690,017 shares of the exchange traded fund’s stock valued at $639,369,000 after acquiring an additional 3,670,235 shares during the period. UBS Group AG increased its holdings in iShares U.S. Technology ETF by 4.0% in the 3rd quarter. UBS Group AG now owns 1,882,618 shares of the exchange traded fund’s stock valued at $368,730,000 after purchasing an additional 72,485 shares in the last quarter. Raymond James Financial Inc. raised its position in iShares U.S. Technology ETF by 6.5% in the second quarter. Raymond James Financial Inc. now owns 1,598,623 shares of the exchange traded fund’s stock valued at $276,993,000 after purchasing an additional 97,389 shares during the period. Hsbc Holdings PLC lifted its stake in shares of iShares U.S. Technology ETF by 52.6% during the second quarter. Hsbc Holdings PLC now owns 1,164,822 shares of the exchange traded fund’s stock worth $201,829,000 after purchasing an additional 401,472 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares U.S. Technology ETF by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 1,156,536 shares of the exchange traded fund’s stock worth $200,481,000 after buying an additional 27,056 shares during the period. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

About iShares U.S. Technology ETF

(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.

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