iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Short Interest Up 600.0% in March

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a growth of 600.0% from the March 15th total of 200 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 7.0 days.

iShares Breakthrough Environmental Solutions ETF Price Performance

NASDAQ ETEC opened at $17.39 on Tuesday. The company has a fifty day moving average of $19.01 and a two-hundred day moving average of $19.72. iShares Breakthrough Environmental Solutions ETF has a 1 year low of $15.72 and a 1 year high of $22.86. The company has a market capitalization of $2.78 million, a PE ratio of 16.74 and a beta of 1.31.

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.