iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Short Interest Down 33.1% in May

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 111,408 shares, a decrease of 33.1% from the May 14th total of 166,533 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 644,981 shares, the days-to-cover ratio is currently 0.2 days.

iShares Expanded Tech Sector ETF Price Performance

IGM stock opened at $159.94 on Thursday. The stock has a market capitalization of $10.68 billion, a PE ratio of 34.08 and a beta of 1.39. The company’s 50-day moving average is $150.18 and its 200-day moving average is $135.11. iShares Expanded Tech Sector ETF has a 1 year low of $105.36 and a 1 year high of $171.48.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IGM. Tucker Asset Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter worth about $28,000. FAS Wealth Partners Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 2nd quarter worth about $28,000. Atlantic Union Bankshares Corp raised its holdings in shares of iShares Expanded Tech Sector ETF by 153.2% in the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 144 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter worth about $33,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter worth about $37,000.

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.