Investors are witnessing a whirlwind of activity in the iShares Expanded Tech Sector ETF as trading surpassed expectations this Monday afternoon, with over 93,000 shares changing hands compared to the three-month average of about 27,000. Impressively, the shares of IGM surged by approximately 1.3% during the course of the day.
Tech Giants Drive Volume
The ETF’s high-volume components on Monday showcased a tale of two tech titans. Alphabet, one of the key constituents, saw a remarkable uptick of approximately 6%, with a whopping 40.4 million shares traded. Meanwhile, Nvidia followed suit with a modest 0.5% increase, boasting a trading volume exceeding 34.1 million shares.
Winners and Losers
Notably, Hashicorp emerged as the frontrunner in Monday’s performance charts, with an impressive 7.2% gain. On the contrary, Microstrategy, another vital component of the iShares Expanded Tech Sector ETF, struggled amidst the flurry, posting a decline of about 9.3%.
