iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Sees Large Growth in Short Interest

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,678 shares, an increase of 223.3% from the April 30th total of 1,447 shares. Based on an average trading volume of 16,411 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 2.0%

Shares of NYSEARCA:TECB opened at $73.37 on Friday. iShares U.S. Tech Breakthrough Multisector ETF has a 12-month low of $52.88 and a 12-month high of $73.40. The stock has a market cap of $520.93 million, a PE ratio of 30.82 and a beta of 1.22. The business has a 50 day moving average of $62.65 and a 200-day moving average of $60.80.

Institutional Investors Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Institutional investors have recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF during the fourth quarter worth approximately $49,000. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 1,271 shares during the period. Fiduciary Alliance LLC raised its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 13.5% in the fourth quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock valued at $441,000 after buying an additional 860 shares in the last quarter. Kirtland Hills Capital Management LLC raised its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock valued at $745,000 after buying an additional 4,089 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the third quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock valued at $1,335,000 after buying an additional 939 shares in the last quarter.

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.