iShares Technology Opportunities Active ETF (NYSEARCA:TEK) Sees Large Increase in Short Interest

iShares Technology Opportunities Active ETF (NYSEARCA:TEK) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,907 shares, a growth of 66.3% from the July 30th total of 3,552 shares. Based on an average daily volume of 4,356 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company’s shares are sold short.

iShares Technology Opportunities Active ETF Price Performance

Shares of NYSEARCA:TEK traded up $0.01 during trading hours on Monday, hitting $38.46. 2,845 shares of the company’s stock traded hands, compared to its average volume of 5,580. iShares Technology Opportunities Active ETF has a 1 year low of $26.72 and a 1 year high of $43.85. The business has a fifty day moving average price of $38.68 and a 200-day moving average price of $35.78. The firm has a market capitalization of $41.54 million, a P/E ratio of 43.98 and a beta of 2.02.

iShares Technology Opportunities Active ETF Company Profile

The iShares Technology Opportunities Active ETF (TEK) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively managed, investing in US and non-US technology companies across all market capitalizations. The fund aims for long-term growth of capital, focusing on firms with rapid growth potential in the industry TEK was launched on Oct 21, 2024 and is issued by BlackRock.