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

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

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA:IGM traded up $1.37 on Wednesday, hitting $162.40. The company’s stock had a trading volume of 170,589 shares, compared to its average volume of 739,125. The company has a 50-day simple moving average of $149.42 and a 200 day simple moving average of $134.89. iShares Expanded Tech Sector ETF has a 1 year low of $105.36 and a 1 year high of $171.48. The company has a market capitalization of $10.84 billion, a PE ratio of 34.08 and a beta of 1.39.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Institutional investors have recently modified their holdings of the company. Tucker Asset Management LLC bought a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at about $28,000. FAS Wealth Partners Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the 2nd quarter valued at about $28,000. Atlantic Union Bankshares Corp increased its position in shares of iShares Expanded Tech Sector ETF by 153.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 144 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of iShares Expanded Tech Sector ETF during the 1st quarter valued at about $33,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at about $37,000.

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.