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

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 91,313 shares, a drop of 61.4% from the June 15th total of 236,631 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 534,701 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its stake in shares of iShares Expanded Tech Sector ETF by 101.6% in the 3rd quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock worth $665,119,000 after buying an additional 2,660,957 shares during the last quarter. Raymond James Financial Inc. grew 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 acquiring an additional 2,296,259 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Expanded Tech Sector ETF by 173.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,548,418 shares of the exchange traded fund’s stock valued at $329,154,000 after acquiring an additional 1,617,877 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares Expanded Tech Sector ETF by 12.7% in 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. Finally, Wells Fargo & Company MN raised its position in shares of iShares Expanded Tech Sector ETF by 11.8% in the 4th quarter. Wells Fargo & Company MN now owns 424,377 shares of the exchange traded fund’s stock worth $54,813,000 after purchasing an additional 44,765 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $161.60 on Monday. The firm’s 50-day moving average price is $158.49 and its 200-day moving average price is $138.62. The company has a market capitalization of $10.58 billion, a PE ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 1-year low of $111.77 and a 1-year high of $171.48.

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.