Short Interest in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Grows By 150.7%

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 209,448 shares, an increase of 150.7% from the July 15th total of 83,531 shares. Based on an average daily trading volume, of 296,046 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of iShares Expanded Tech Sector ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its position in iShares Expanded Tech Sector ETF by 101.6% in 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. boosted its stake in shares of iShares Expanded Tech Sector ETF by 393.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after purchasing an additional 2,296,259 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Expanded Tech Sector ETF by 173.9% in the 4th 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 last quarter. Lido Advisors LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 3,325.3% in the 4th quarter. Lido Advisors LLC now owns 235,458 shares of the exchange traded fund’s stock worth $30,390,000 after purchasing an additional 228,584 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of iShares Expanded Tech Sector ETF by 66.4% during the 4th quarter. Wellington Management Group LLP now owns 353,541 shares of the exchange traded fund’s stock worth $45,663,000 after purchasing an additional 141,024 shares in the last quarter.

iShares Expanded Tech Sector ETF Trading Up 1.3%

Shares of iShares Expanded Tech Sector ETF stock opened at $165.67 on Friday. The firm has a fifty day simple moving average of $158.48 and a 200-day simple moving average of $143.20. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 1-year low of $112.60 and a 1-year high of $171.48.

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.