Short Interest in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Grows By 500.0%

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 4,200 shares, a growth of 500.0% from the March 31st total of 700 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 10.5 days.

iShares Breakthrough Environmental Solutions ETF Trading Up 2.1 %

NASDAQ:ETEC traded up $0.43 on Friday, hitting $20.86. The company had a trading volume of 469 shares, compared to its average volume of 389. The stock has a market capitalization of $3.34 million, a price-to-earnings ratio of 18.99 and a beta of 1.29. The firm has a 50 day moving average of $21.19 and a two-hundred day moving average of $21.41. iShares Breakthrough Environmental Solutions ETF has a 52 week low of $19.62 and a 52 week high of $27.42.

iShares Breakthrough Environmental Solutions ETF Company Profile

The iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score) ETEC was launched on Mar 28, 2023 and is managed by BlackRock.