It is trading at $172.72 which is marginally over the 50 day moving average which is $161.38 and much higher than the 200 day moving average of $149.24. The 50 day moving average was up by +7.03% and the 200 day average moved up $23.48. Trading was heavy with 344K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 17.26% over the normal average daily volume. Traders are more bearish on shares of iShares PHLX SOX Semiconductor recently if you put credence in the motion in short interest. The company realized a rise in short interest of 7.93% between September 29, 2017 and October 13, 2017. Short interest increased from 2,210,714 to 2,386,126 over that timeframe.
A few notable investment firms have updated their holdings. Barometer Capital Management Inc. added to its investment by buying 16,900 shares an increase of 140.8%. Barometer Capital Management Inc. claims 28,900 shares with a value of $4,583,000. The value of the position overall is up by 172.5%. First Trust Advisors Lp divested its position by shedding 118 shares a decrease of 2.5% in the quarter. First Trust Advisors Lp currently owns 4,648 shares valued at $737,000. The total value of its holdings increased 10.3%.
Raymond James Financial Services Advisors, Inc. bolstered its stake by buying 6,223 shares an increase of 25.5% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. now controls 30,660 shares worth $4,864,000. The total value of its holdings increased 42.0%. As of the end of the quarter Spc Financial, Inc. had acquired a total of 2,370 shares growing its holdings by 3.1%. The value in dollars went from $10,592,000 to $12,356,000 a change of 16.7% quarter to quarter.
iShares S&P North American Technology-Semiconductors Index Fund (the Fund), formerly iShares S&P GSTI Semiconductor Index Fund, seeks investment results that correspond to the price and yield performance, before fees and expenses, as represented by the S&P North American Technology-Semiconductors Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index..