iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Short Interest Update

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,431 shares, a drop of 32.6% from the July 30th total of 2,124 shares. Based on an average daily volume of 312 shares, the days-to-cover ratio is presently 4.6 days. Currently, 0.9% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Breakthrough Environmental Solutions ETF

An institutional investor recently bought a new position in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned approximately 4.77% of iShares Breakthrough Environmental Solutions ETF as of its most recent SEC filing.

iShares Breakthrough Environmental Solutions ETF Trading Down 1.7%

Shares of ETEC traded down $0.44 during midday trading on Tuesday, reaching $25.33. 1,707 shares of the company were exchanged, compared to its average volume of 929. The stock has a 50-day moving average price of $27.62 and a 200-day moving average price of $28.26. The company has a market cap of $4.05 million, a price-to-earnings ratio of 18.19 and a beta of 1.17. iShares Breakthrough Environmental Solutions ETF has a 1-year low of $23.00 and a 1-year high of $32.40.

iShares Breakthrough Environmental Solutions ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.0959 per share. The ex-dividend date was Monday, June 15th.

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.