iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Shares Shorted: Short Interest Down 64.2% in October

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 376 shares, a drop of 64.2% from the September 30th total of 1,051 shares. Based on an average daily volume of 582 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares Breakthrough Environmental Solutions ETF

A hedge fund recently bought a new stake in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. purchased a new stake in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned about 4.77% of iShares Breakthrough Environmental Solutions ETF at the end of the most recent reporting period.

iShares Breakthrough Environmental Solutions ETF Stock Performance

ETEC stock traded down $0.82 during midday trading on Friday, hitting $21.69. 1,135 shares of the stock were exchanged, compared to its average volume of 850. The stock’s 50-day moving average price is $24.48 and its 200-day moving average price is $27.19. The stock has a market cap of $3.47 million, a price-to-earnings ratio of 18.19 and a beta of 1.17. iShares Breakthrough Environmental Solutions ETF has a fifty-two week low of $21.51 and a fifty-two week high of $32.40.

iShares Breakthrough Environmental Solutions ETF Company Profile

The iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score) ETEC was launched on Mar 28, 2023 and is managed by BlackRock.