iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Short Interest Up 150.7% in July

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) was the recipient of a large growth in short interest in 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. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 296,046 shares, the days-to-cover ratio is presently 0.7 days.

iShares Expanded Tech Sector ETF Price Performance

Shares of iShares Expanded Tech Sector ETF stock opened at $164.67 on Friday. The business has a 50-day moving average of $158.64 and a 200 day moving average of $143.35. 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 market capitalization of $10.81 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39.

Institutional Trading of iShares Expanded Tech Sector ETF

Several hedge funds have recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $28,000. FAS Wealth Partners Inc. purchased a new stake in iShares Expanded Tech Sector ETF during the 2nd quarter worth approximately $28,000. Atlantic Union Bankshares Corp lifted its holdings in 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 buying an additional 144 shares in the last quarter. Western Wealth Management LLC acquired a new stake in iShares Expanded Tech Sector ETF during the 1st quarter worth approximately $33,000. Finally, Trust Co. of Vermont acquired a new position in shares of iShares Expanded Tech Sector ETF in the second quarter worth $34,000.

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.