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

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) was the target of 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. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 644,981 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of iShares Expanded Tech Sector ETF

A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at about $49,000. Financial Solutions Advisory Group Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at about $453,000. WNY Asset Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at about $356,000. Western Wealth Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at about $33,000. Finally, Strait & Sound Wealth Management LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 1.3% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 6,657 shares of the exchange traded fund’s stock valued at $789,000 after purchasing an additional 88 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA:IGM opened at $165.09 on Tuesday. The stock has a 50-day simple moving average of $148.62 and a 200-day simple moving average of $134.67. The stock has a market cap of $11.02 billion, a P/E ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 1 year low of $105.36 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.