iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 91,313 shares, a drop of 61.4% from the June 15th total of 236,631 shares. Based on an average trading volume of 534,701 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
iShares Expanded Tech Sector ETF Stock Up 1.2%
Shares of NYSEARCA:IGM traded up $1.95 during trading on Tuesday, reaching $160.06. 248,746 shares of the company traded hands, compared to its average volume of 703,054. The company’s 50 day moving average is $158.79 and its two-hundred day moving average is $138.82. The firm has a market capitalization of $10.48 billion, a PE ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 52 week low of $112.14 and a 52 week high of $171.48.
Institutional Investors Weigh In On iShares Expanded Tech Sector ETF
Institutional investors and hedge funds have recently bought and sold shares of the company. United Community Bank increased its holdings in iShares Expanded Tech Sector ETF by 10.7% in the 4th quarter. United Community Bank now owns 797 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 77 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of iShares Expanded Tech Sector ETF by 17.6% in the 4th quarter. Y.D. More Investments Ltd now owns 529 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 79 shares in the last quarter. Strait & Sound Wealth Management LLC increased its stake 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 last quarter. CIBC Private Wealth Group LLC increased its stake in shares of iShares Expanded Tech Sector ETF by 8.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,157 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 89 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in shares of iShares Expanded Tech Sector ETF by 1.1% in the 1st quarter. Waverly Advisors LLC now owns 9,216 shares of the exchange traded fund’s stock valued at $1,092,000 after purchasing an additional 98 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.
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