iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Up 901.0% in January

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,062 shares, a growth of 901.0% from the January 15th total of 206 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 11,369 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 11,369 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

TECB traded down $1.02 on Thursday, reaching $56.78. 56,496 shares of the company’s stock were exchanged, compared to its average volume of 15,014. iShares U.S. Tech Breakthrough Multisector ETF has a twelve month low of $41.69 and a twelve month high of $64.30. The company’s 50 day moving average is $60.74 and its 200-day moving average is $60.32. The company has a market cap of $405.98 million, a price-to-earnings ratio of 30.82 and a beta of 1.17.

Hedge Funds Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Several hedge funds and other institutional investors have recently made changes to their positions in TECB. Ancora Advisors LLC boosted its position in iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock worth $1,335,000 after purchasing an additional 939 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 13.5% during the fourth quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock worth $441,000 after purchasing an additional 860 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter worth about $49,000.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

The iShares U.S. Tech Breakthrough Multisector ETF (TECB) is an exchange-traded fund that is based on the NYSE FactSet U.S. Tech Breakthrough index. The fund tracks an index of US equities that could benefit from breakthrough technologies, modified market cap weighted. TECB was launched on Jan 8, 2020 and is managed by BlackRock.