iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Short Interest Update

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 209,448 shares, an increase of 150.7% from the July 15th total of 83,531 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 296,046 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in iShares Expanded Tech Sector ETF during the first quarter worth about $274,000. Goldman Sachs Group Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 179,105 shares of the exchange traded fund’s stock valued at $16,239,000 after acquiring an additional 10,218 shares during the last quarter. First Trust Advisors LP increased its stake in shares of iShares Expanded Tech Sector ETF by 13.1% in the 2nd quarter. First Trust Advisors LP now owns 58,839 shares of the exchange traded fund’s stock valued at $6,610,000 after acquiring an additional 6,811 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 2nd quarter valued at approximately $3,083,000. Finally, Qube Research & Technologies Ltd raised its position in shares of iShares Expanded Tech Sector ETF by 3.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock valued at $367,000 after acquiring an additional 118 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

IGM stock opened at $165.67 on Friday. The company has a 50 day moving average price of $158.48 and a 200 day moving average price of $143.20. iShares Expanded Tech Sector ETF has a fifty-two week low of $112.60 and a fifty-two week high of $171.48. The stock has a market capitalization of $10.88 billion, a PE ratio of 34.08 and a beta of 1.39.

iShares Expanded Tech Sector ETF Company Profile

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). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.