Micron Technology shares fell almost 2% Wednesday as investors assessed increased bearish positioning ahead of the company’s Sept. 30 earnings report. The Technology sector and S&P 500 each declined about 0.5%, while the Nasdaq fell 0.69%. Michael Burry increased bearish bets on Micron and also held short positions in the iShares Semiconductor ETF (an exchange-traded fund) and Palantir Technologies. Micron has traded largely sideways since July, alongside other memory-chip stocks. Analysts expect adjusted earnings of $31.43 per share, compared with $3.03 a year earlier, and revenue of $51.05 billion, up from $11.31 billion. The stock trades at 24.8 times earnings. Micron has a Buy consensus rating and an average price forecast of $1,528.26. Citigroup maintained Buy and raised its forecast to $1,300 on Sept. 23; RBC Capital maintained Outperform with a $1,500 forecast on Sept. 18; and Mizuho maintained Outperform while cutting its forecast to $1,300 on Aug. 25. Micron accounts for 8.78% of the iShares Semiconductor ETF, 8.80% of the Invesco PHLX Semiconductor ETF and 8.87% of the State Street SPDR NYSE Technology ETF, making fund flows a potential source of buying or selling pressure. Shares were down 1.55% at $1079.20 at publication, according to Benzinga Pro data.