Short interest in the iShares Expanded Tech-Software Sector ETF (IGV) is approaching prior 52-week highs, as the price remains in a downtrend.

Short Interest Sentiment

IGV ETF units sold short have risen above 16M, trending towards the previous 52-week high of 17M, last seen in August 2025.

The rise in short interest has occurred alongside a persistent price decline, from $118 (the Sept high) to $84 currently (-30%). This suggests active capital pressing downside momentum.

IGV float has expanded to 110M from a low of 64M, reflecting ETF creation activity consistent with elevated borrow demand.

A focus on SI % Float would imply declining short interest in 2026; however, this reflects float expansion rather than short covering.

IGV SI Shares vs Price vs Float

Technical Structure: Downtrend Intact

IGV price remains below both the 50D & 200D SMAs with the 50D accelerating lower, confirming the lower-high/lower-low trend structure.

The recent low of $77 at the end of Feb marked a key area of horizontal support (green dash), which was last tested back in April 2025.

Note the sizable increase in trading volume activity as the price was falling in Jan & Feb, suggesting seller conviction and supply overwhelming demand.

Top 5 IGV holdings by SI % Float: each above 30% short interest.

Want to know more? Access this data in real time using S3’s BLACK APP & BLACK MAP

The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks, and merits, as well as the legal, tax, accounting, and investment consequences, of such decisions.