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 volume of 762,475 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IGM. Bank of America Corp DE boosted its holdings in iShares Expanded Tech Sector ETF by 101.6% during the third quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock valued at $665,119,000 after acquiring an additional 2,660,957 shares during the period. Raymond James Financial Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 393.9% in the third quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock worth $362,632,000 after purchasing an additional 2,296,259 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Expanded Tech Sector ETF by 173.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,548,418 shares of the exchange traded fund’s stock worth $329,154,000 after purchasing an additional 1,617,877 shares during the period. Bank of Montreal Can lifted its position in shares of iShares Expanded Tech Sector ETF by 35.6% during the 3rd quarter. Bank of Montreal Can now owns 2,073,372 shares of the exchange traded fund’s stock worth $261,141,000 after purchasing an additional 544,007 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares Expanded Tech Sector ETF by 12.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 777,520 shares of the exchange traded fund’s stock worth $97,856,000 after purchasing an additional 87,324 shares during the last quarter.

iShares Expanded Tech Sector ETF Stock Up 2.6%

NYSEARCA:IGM opened at $159.90 on Tuesday. The company’s 50 day moving average is $155.04 and its 200-day moving average is $136.72. iShares Expanded Tech Sector ETF has a 12 month low of $110.25 and a 12 month high of $171.48. The firm has a market cap of $10.67 billion, a price-to-earnings 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.