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 growth in short interest in May. As of May 15th, there was short interest totaling 4,678 shares, a growth of 223.3% from the April 30th total of 1,447 shares. Based on an average daily trading volume, of 16,411 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

Shares of NYSEARCA:TECB traded up $1.42 on Friday, reaching $73.37. The company’s stock had a trading volume of 11,235 shares, compared to its average volume of 16,111. iShares U.S. Tech Breakthrough Multisector ETF has a 52-week low of $52.88 and a 52-week high of $73.40. The company has a market cap of $520.93 million, a P/E ratio of 30.82 and a beta of 1.22. The company has a 50-day simple moving average of $62.65 and a 200 day simple moving average of $60.80.

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

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

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.