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

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

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

Institutional investors have recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter worth approximately $49,000. JPMorgan Chase & Co. raised its stake 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 in the last quarter. Kirtland Hills Capital Management LLC raised its stake in shares of 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 in the last quarter. Finally, Ancora Advisors LLC lifted its holdings 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 acquiring an additional 939 shares during the last quarter.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

TECB traded up $0.62 during trading on Friday, reaching $75.41. The stock had a trading volume of 3,909 shares, compared to its average volume of 13,355. The business has a 50-day moving average of $73.15 and a 200-day moving average of $67.07. iShares U.S. Tech Breakthrough Multisector ETF has a one year low of $53.33 and a one year high of $76.84. The stock has a market cap of $497.71 million, a PE ratio of 30.82 and a beta of 1.25.

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.