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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the recipient of 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 stock are sold short. Based on an average daily volume of 6,891 shares, the short-interest ratio is currently 0.1 days.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

NYSEARCA:TECB traded down $0.81 during mid-day trading on Monday, reaching $78.66. The stock had a trading volume of 10,287 shares, compared to its average volume of 13,257. The business’s 50 day moving average is $74.42 and its 200 day moving average is $68.60. iShares U.S. Tech Breakthrough Multisector ETF has a fifty-two week low of $53.33 and a fifty-two week high of $79.95. The stock has a market cap of $515.22 million, a P/E ratio of 30.82 and a beta of 1.25.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

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.