iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Up 586.3% in July

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 11,536 shares, a growth of 586.3% from the July 15th total of 1,681 shares. Based on an average daily trading volume, of 9,221 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the shares of the stock are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

Shares of NYSEARCA:TECB traded up $0.96 during trading on Thursday, reaching $75.45. The company had a trading volume of 4,606 shares, compared to its average volume of 14,078. The firm’s fifty day moving average is $70.98 and its 200 day moving average is $64.54. The firm has a market capitalization of $497.97 million, a PE ratio of 30.82 and a beta of 1.25. iShares U.S. Tech Breakthrough Multisector ETF has a twelve month low of $53.33 and a twelve month high of $75.61.

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

Hedge funds have recently modified their holdings of the company. Ancora Advisors LLC raised its stake 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 worth $1,335,000 after buying an additional 939 shares in the last quarter. Kirtland Hills Capital Management LLC grew its holdings in 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 acquiring an additional 4,089 shares during the period. JPMorgan Chase & Co. grew its holdings in 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. Finally, Elyxium Wealth LLC bought a new stake in iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter worth about $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.