Short Interest in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Rises By 105.9%

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 595,400 shares, agrowthof105.9% from the July 31st total of 289,100 shares. Based on an average trading volume of 603,900 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 603,900 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of iShares Expanded Tech Sector ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC bought a new stake in iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $123,000. Harbour Investments Inc. increased its stake in iShares Expanded Tech Sector ETF by 171.1% in the 1st quarter. Harbour Investments Inc. now owns 5,018 shares of the exchange traded fund’s stock worth $455,000 after acquiring an additional 3,167 shares during the last quarter. CX Institutional bought a new position in iShares Expanded Tech Sector ETF in the 1st quarter worth about $27,000. Spire Wealth Management increased its stake in iShares Expanded Tech Sector ETF by 16.8% in the 1st quarter. Spire Wealth Management now owns 3,319 shares of the exchange traded fund’s stock worth $301,000 after acquiring an additional 478 shares during the last quarter. Finally, Southland Equity Partners LLC increased its stake in iShares Expanded Tech Sector ETF by 8.4% in the 1st quarter. Southland Equity Partners LLC now owns 5,751 shares of the exchange traded fund’s stock worth $521,000 after acquiring an additional 448 shares during the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $119.46 on Friday. iShares Expanded Tech Sector ETF has a fifty-two week low of $76.26 and a fifty-two week high of $120.19. The stock has a fifty day moving average of $115.54 and a 200-day moving average of $103.60. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 34.08 and a beta of 1.18.

About iShares Expanded Tech Sector ETF

iShares North American Tech ETF, formerly iShares S&P North American Technology Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, of the United States-traded technology companies, as represented by the S&P North American Technology Sector Index (the Index).