iShares Expanded Tech-Software Sector ETF (BATS:IGV) Sees Significant Decline in Short Interest

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of a significant 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 shares are sold short.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellspring Financial Advisors LLC boosted its stake in iShares Expanded Tech-Software Sector ETF by 0.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,615,512 shares of the company’s stock worth $170,743,000 after buying an additional 4,364 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 9.9% in the second quarter. Ameriprise Financial Inc. now owns 647,958 shares of the company’s stock valued at $69,984,000 after acquiring an additional 58,125 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 24.1% in the first quarter. Janney Montgomery Scott LLC now owns 250,052 shares of the company’s stock valued at $20,017,000 after acquiring an additional 48,613 shares during the period. SG Americas Securities LLC lifted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 12,005.4% in the 1st quarter. SG Americas Securities LLC now owns 182,913 shares of the company’s stock worth $14,642,000 after acquiring an additional 181,402 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth about $17,492,000.

iShares Expanded Tech-Software Sector ETF Price Performance

BATS:IGV opened at $92.80 on Friday. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15. The business has a 50 day simple moving average of $92.90 and a 200-day simple moving average of $89.66. iShares Expanded Tech-Software Sector ETF has a 1 year low of $73.93 and a 1 year high of $117.99.

About iShares Expanded Tech-Software Sector ETF

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.