Short Interest in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Grows By 150.7%

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

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

A number of institutional investors have recently modified their holdings of IGM. AQR Capital Management LLC acquired a new position in iShares Expanded Tech Sector ETF during the 1st quarter worth about $274,000. Goldman Sachs Group Inc. grew its position in 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 in the last quarter. First Trust Advisors LP grew its position in 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 in the last quarter. Marshall Wace LLP purchased a new stake in iShares Expanded Tech Sector ETF during the second quarter worth about $3,083,000. Finally, Qube Research & Technologies Ltd increased its stake in iShares Expanded Tech Sector ETF by 3.7% during the second quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock worth $367,000 after purchasing an additional 118 shares during the period.

iShares Expanded Tech Sector ETF Stock Down 0.6%

NYSEARCA IGM traded down $1.00 on Friday, reaching $164.67. The stock had a trading volume of 332,625 shares, compared to its average volume of 649,540. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 12-month low of $112.60 and a 12-month high of $171.48. The stock has a fifty day moving average price of $158.64 and a two-hundred day moving average price of $143.35.

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). 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.