The iShares Expanded Tech-Software Sector ETF (IGV) experienced a significant outflow of approximately $191.3 million, marking a 1.4% decrease in shares outstanding from 143.1 million to 141.1 million this week. This trend reflects the ongoing volatility in tech investments.
In trading today, notable movements among IGV’s main components included Oracle Corp (ORCL), down 0.6%, ServiceNow Inc (NOW), down 1.2%, and Fortinet Inc (FTNT), which rose by 0.5%. IGV’s share price currently stands at $92.57, which is within a 52-week range of $73.93 to $117.99, and its performance is being analyzed against a 200-day moving average.
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