Short Interest in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Increases By 224.4%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,062 shares, a growth of 224.4% from the February 12th total of 944 shares. Based on an average daily trading volume, of 14,878 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,878 shares, the days-to-cover ratio is presently 0.2 days.

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

Several hedge funds have recently made changes to their positions in the company. Kirtland Hills Capital Management LLC increased its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock worth $745,000 after purchasing an additional 4,089 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 1,271 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock valued at $1,335,000 after purchasing an additional 939 shares during the period. Fiduciary Alliance LLC grew its stake in 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 last quarter. Finally, Elyxium Wealth LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF during the 4th quarter worth approximately $49,000.

iShares U.S. Tech Breakthrough Multisector ETF Trading Up 0.1%

Shares of NYSEARCA TECB traded up $0.03 during mid-day trading on Wednesday, reaching $57.86. The company had a trading volume of 5,769 shares, compared to its average volume of 15,235. The firm has a 50 day simple moving average of $59.17 and a two-hundred day simple moving average of $60.26. The stock has a market cap of $413.70 million, a P/E ratio of 30.82 and a beta of 1.17. iShares U.S. Tech Breakthrough Multisector ETF has a 52-week low of $41.69 and a 52-week high of $64.30.

About iShares U.S. Tech Breakthrough Multisector ETF

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.