iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Update

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 2,653 shares, a decrease of 68.6% from the August 15th total of 8,449 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 8,204 shares, the days-to-cover ratio is currently 0.3 days.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 0.8%

TECB stock traded up $0.62 during midday trading on Friday, hitting $75.41. The company’s stock had a trading volume of 3,909 shares, compared to its average volume of 13,355. The firm has a 50-day simple moving average of $73.15 and a 200-day simple moving average of $67.07. The firm has a market capitalization of $497.71 million, a P/E ratio of 30.82 and a beta of 1.25. iShares U.S. Tech Breakthrough Multisector ETF has a 52-week low of $53.33 and a 52-week high of $76.84.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kirtland Hills Capital Management LLC grew its stake in iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the 4th 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. Elyxium Wealth LLC acquired a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the fourth quarter worth about $49,000. Ancora Advisors LLC grew its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during the third 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. Finally, JPMorgan Chase & Co. grew its position 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 buying an additional 1,271 shares in the last quarter.

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.