Short Interest in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Increases By 111.1%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,900 shares, a growth of 111.1% from the August 31st total of 900 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.1 days.

iShares U.S. Tech Breakthrough Multisector ETF Trading Down 0.8%

Shares of TECB opened at $60.84 on Monday. The firm’s 50-day moving average price is $58.84 and its 200-day moving average price is $54.89. The firm has a market capitalization of $453.26 million, a price-to-earnings ratio of 30.82 and a beta of 1.04. iShares U.S. Tech Breakthrough Multisector ETF has a 1-year low of $41.69 and a 1-year high of $61.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC grew its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF by 2.2% during the 1st quarter. Ancora Advisors LLC now owns 21,179 shares of the company’s stock worth $1,036,000 after acquiring an additional 457 shares during the period. Steph & Co. purchased a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 1st quarter worth approximately $44,000. Fiduciary Alliance LLC purchased a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 2nd quarter worth approximately $324,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 1st quarter worth approximately $431,000.

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.