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

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 236,631 shares, an increase of 112.4% from the May 31st total of 111,408 shares. Based on an average daily trading volume, of 762,475 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Large investors have recently bought and sold shares of the stock. Tucker Asset Management LLC bought a new stake in iShares Expanded Tech Sector ETF in the 4th quarter valued at $28,000. FAS Wealth Partners Inc. acquired a new stake in iShares Expanded Tech Sector ETF in the 2nd quarter worth $28,000. Atlantic Union Bankshares Corp increased its holdings in shares of iShares Expanded Tech Sector ETF by 153.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 144 shares during the period. Western Wealth Management LLC bought a new position in shares of iShares Expanded Tech Sector ETF during the 1st quarter worth about $33,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at about $37,000.

iShares Expanded Tech Sector ETF Trading Up 2.6%

IGM opened at $159.90 on Tuesday. iShares Expanded Tech Sector ETF has a 1-year low of $110.25 and a 1-year high of $171.48. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. The business has a 50 day moving average of $155.04 and a 200-day moving average of $136.72.

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.