iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Down 54.2% in February

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 944 shares, a decrease of 54.2% from the January 29th total of 2,062 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 19,360 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 19,360 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

Shares of NYSEARCA TECB traded down $0.15 during mid-day trading on Friday, hitting $57.13. 5,969 shares of the stock traded hands, compared to its average volume of 14,850. iShares U.S. Tech Breakthrough Multisector ETF has a twelve month low of $41.69 and a twelve month high of $64.30. The firm has a 50 day simple moving average of $59.80 and a two-hundred day simple moving average of $60.25. The company has a market cap of $408.47 million, a PE ratio of 30.82 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC grew its stake in iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during the third 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. Kirtland Hills Capital Management LLC boosted its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock worth $745,000 after buying an additional 4,089 shares in the last quarter. Fiduciary Alliance LLC grew its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 13.5% during the 4th quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock worth $441,000 after buying an additional 860 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock valued at $81,000 after acquiring an additional 1,271 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter valued at $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.