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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 716 shares, a drop of 73.0% from the August 31st total of 2,653 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 6,891 shares, the days-to-cover ratio is currently 0.1 days.

iShares U.S. Tech Breakthrough Multisector ETF Trading Down 0.5%

TECB stock opened at $79.47 on Friday. iShares U.S. Tech Breakthrough Multisector ETF has a 12 month low of $53.33 and a 12 month high of $79.95. The stock has a market cap of $524.50 million, a PE ratio of 30.82 and a beta of 1.25. The company has a 50-day moving average price of $74.42 and a 200 day moving average price of $68.53.

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.