Short Interest in iShares Expanded Tech-Software Sector ETF (BATS:IGV) Decreases By 35.6%

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 34,545,879 shares, a drop of 35.6% from the June 15th total of 53,675,972 shares. Based on an average daily trading volume, of 18,541,249 shares, the days-to-cover ratio is currently 1.9 days. Currently, 31.0% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

Institutional investors have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV lifted its position in iShares Expanded Tech-Software Sector ETF by 29.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 445 shares of the company’s stock worth $49,000 after buying an additional 100 shares during the last quarter. Hollencrest Capital Management grew its position in iShares Expanded Tech-Software Sector ETF by 50.2% during the first quarter. Hollencrest Capital Management now owns 371 shares of the company’s stock valued at $30,000 after acquiring an additional 124 shares during the last quarter. One Capital Management LLC grew its position in iShares Expanded Tech-Software Sector ETF by 1.8% during the third quarter. One Capital Management LLC now owns 7,260 shares of the company’s stock valued at $835,000 after acquiring an additional 125 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 48.5% during the fourth quarter. Bogart Wealth LLC now owns 395 shares of the company’s stock worth $42,000 after acquiring an additional 129 shares in the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 0.5% during the fourth quarter. Valley Wealth Managers Inc. now owns 33,803 shares of the company’s stock worth $3,573,000 after acquiring an additional 182 shares in the last quarter.

iShares Expanded Tech-Software Sector ETF Price Performance

Shares of BATS IGV opened at $92.80 on Friday. iShares Expanded Tech-Software Sector ETF has a one year low of $73.93 and a one year high of $117.99. The business’s fifty day moving average price is $92.90 and its 200-day moving average price is $89.66. The stock has a market capitalization of $10.35 billion, a PE ratio of 45.14 and a beta of 1.15.

About iShares Expanded Tech-Software Sector ETF

iShares North American Tech-Software ETF (the Fund), formerly iShares S&P North American Technology-Software Index Fund, is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P North American Technology Software Index (the Underlying Index). The Underlying Index measures the performance of United States-traded stocks of software-related companies in the United States and Canada. The Underlying Index includes companies that are producers of client/server applications, enterprise software, application software, personal computers and home entertainment software.