iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Update

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,447 shares, a drop of 43.6% from the April 15th total of 2,567 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,143 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TECB. Kirtland Hills Capital Management LLC grew its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock worth $745,000 after purchasing an additional 4,089 shares during the period. JPMorgan Chase & Co. grew its stake in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock valued at $81,000 after acquiring an additional 1,271 shares during the period. Ancora Advisors LLC grew its stake in iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock valued at $1,335,000 after acquiring an additional 939 shares during the period. Fiduciary Alliance LLC grew its stake in iShares U.S. Tech Breakthrough Multisector ETF by 13.5% in the 4th quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock valued at $441,000 after acquiring an additional 860 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter valued at $49,000.

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

Shares of NYSEARCA TECB traded up $0.22 during midday trading on Monday, reaching $68.37. 10,236 shares of the stock were exchanged, compared to its average volume of 14,041. The firm has a market cap of $485.43 million, a price-to-earnings ratio of 30.82 and a beta of 1.22. iShares U.S. Tech Breakthrough Multisector ETF has a twelve month low of $52.58 and a twelve month high of $69.12. The firm has a 50-day simple moving average of $60.06 and a two-hundred day simple moving average of $60.26.

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.