Short Interest in iShares Technology Opportunities Active ETF (NYSEARCA:TEK) Drops By 79.8%

iShares Technology Opportunities Active ETF (NYSEARCA:TEK) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 3,552 shares, a decline of 79.8% from the July 15th total of 17,546 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 6,163 shares, the short-interest ratio is currently 0.6 days.

iShares Technology Opportunities Active ETF Stock Up 0.7%

Shares of NYSEARCA TEK traded up $0.28 during midday trading on Thursday, hitting $39.77. The company had a trading volume of 2,959 shares, compared to its average volume of 5,721. The firm has a market capitalization of $42.95 million, a price-to-earnings ratio of 43.98 and a beta of 2.02. iShares Technology Opportunities Active ETF has a twelve month low of $26.72 and a twelve month high of $43.85. The business has a 50-day simple moving average of $39.21 and a two-hundred day simple moving average of $35.10.

About iShares Technology Opportunities Active ETF

The iShares Technology Opportunities Active ETF (TEK) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively managed, investing in US and non-US technology companies across all market capitalizations. The fund aims for long-term growth of capital, focusing on firms with rapid growth potential in the industry TEK was launched on Oct 21, 2024 and is issued by BlackRock.