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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 11,536 shares, a growth of 586.3% from the July 15th total of 1,681 shares. Based on an average trading volume of 9,221 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in iShares U.S. Tech Breakthrough Multisector ETF during the 4th quarter valued at approximately $49,000. JPMorgan Chase & Co. raised its stake in 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 valued at $81,000 after buying an additional 1,271 shares during the last quarter. Kirtland Hills Capital Management LLC boosted its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 50.2% in 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 boosted its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the third quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock worth $1,335,000 after acquiring an additional 939 shares in the last quarter.

iShares U.S. Tech Breakthrough Multisector ETF Trading Down 0.1%

TECB traded down $0.04 during midday trading on Wednesday, reaching $74.36. The company’s stock had a trading volume of 2,892 shares, compared to its average volume of 14,088. iShares U.S. Tech Breakthrough Multisector ETF has a 1 year low of $53.33 and a 1 year high of $74.82. The stock’s 50-day moving average is $70.95 and its 200-day moving average is $64.44. The firm has a market capitalization of $490.78 million, a price-to-earnings ratio of 30.82 and a beta of 1.25.

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.