iShares Expanded Tech-Software Sector ETF (BATS:IGV) Short Interest Update

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 34,545,879 shares, a decrease of 35.6% from the June 15th total of 53,675,972 shares. Based on an average daily volume of 18,541,249 shares, the short-interest ratio is presently 1.9 days. Currently, 31.0% of the company’s stock are sold short.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Hedge funds have recently modified their holdings of the company. Aurora Investment Managers LLC. bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth approximately $6,910,000. Harbor Investment Advisory LLC acquired a new stake in iShares Expanded Tech-Software Sector ETF in the second quarter worth about $353,000. CoreCap Advisors LLC grew its stake in shares of iShares Expanded Tech-Software Sector ETF by 27.8% during the second quarter. CoreCap Advisors LLC now owns 1,112 shares of the company’s stock worth $101,000 after acquiring an additional 242 shares during the last quarter. Meadowbrook Wealth Management LLC acquired a new position in shares of iShares Expanded Tech-Software Sector ETF during the second quarter valued at about $383,000. Finally, Roxbury Financial LLC raised its position in shares of iShares Expanded Tech-Software Sector ETF by 86.1% in the 2nd quarter. Roxbury Financial LLC now owns 5,808 shares of the company’s stock valued at $526,000 after purchasing an additional 2,687 shares during the last quarter.

iShares Expanded Tech-Software Sector ETF Stock Down 0.3%

Shares of IGV stock opened at $93.70 on Friday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15. iShares Expanded Tech-Software Sector ETF has a 52-week low of $73.93 and a 52-week high of $117.99. The company’s 50 day moving average is $92.87 and its 200 day moving average is $89.64.

iShares Expanded Tech-Software Sector ETF Company Profile

iShares North American Tech-Software ETF (the Fund), formerly iShares S&P North American Technology-Software Index Fund, is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P North American Technology Software Index (the Underlying Index). The Underlying Index measures the performance of United States-traded stocks of software-related companies in the United States and Canada. The Underlying Index includes companies that are producers of client/server applications, enterprise software, application software, personal computers and home entertainment software.