iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Significant Increase in Short Interest

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw a large 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 trading 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.

iShares Expanded Tech Sector ETF Trading Down 1.6%

Shares of IGM opened at $161.01 on Thursday. iShares Expanded Tech Sector ETF has a 52 week low of $110.66 and a 52 week high of $171.48. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. The stock has a 50 day moving average of $156.00 and a 200-day moving average of $137.12.

Institutional Trading of iShares Expanded Tech Sector ETF

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in iShares Expanded Tech Sector ETF in the first quarter worth $274,000. Goldman Sachs Group Inc. boosted its holdings in shares of iShares Expanded Tech Sector ETF by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 179,105 shares of the exchange traded fund’s stock valued at $16,239,000 after acquiring an additional 10,218 shares during the period. First Trust Advisors LP boosted its holdings in shares of iShares Expanded Tech Sector ETF by 13.1% during the second quarter. First Trust Advisors LP now owns 58,839 shares of the exchange traded fund’s stock valued at $6,610,000 after acquiring an additional 6,811 shares during the period. Marshall Wace LLP bought a new position in shares of iShares Expanded Tech Sector ETF during the second quarter worth about $3,083,000. Finally, Qube Research & Technologies Ltd grew its position in shares of iShares Expanded Tech Sector ETF by 3.7% during the second quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock worth $367,000 after acquiring an additional 118 shares during the last quarter.

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.