iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Down 85.0% in January

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 206 shares, a decrease of 85.0% from the December 31st total of 1,371 shares. Based on an average trading volume of 15,014 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 15,014 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TECB. JPMorgan Chase & Co. grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after acquiring an additional 1,271 shares during the period. Fiduciary Alliance LLC increased its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 12.9% in the third quarter. Fiduciary Alliance LLC now owns 6,385 shares of the company’s stock worth $385,000 after purchasing an additional 728 shares in the last quarter. Finally, Ancora Advisors LLC lifted its stake 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 valued at $1,335,000 after buying an additional 939 shares during the period.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 0.3%

iShares U.S. Tech Breakthrough Multisector ETF stock traded up $0.18 during mid-day trading on Wednesday, hitting $61.34. 7,421 shares of the stock were exchanged, compared to its average volume of 12,446. The stock has a market capitalization of $441.65 million, a price-to-earnings ratio of 30.82 and a beta of 1.17. iShares U.S. Tech Breakthrough Multisector ETF has a 12 month low of $41.69 and a 12 month high of $64.30. The firm’s fifty day simple moving average is $61.06 and its two-hundred day simple moving average is $60.27.

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.