iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Down 68.6% in August

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,653 shares, a drop of 68.6% from the August 15th total of 8,449 shares. Based on an average daily volume of 8,204 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 1.4%

Shares of NYSEARCA:TECB traded up $1.09 during mid-day trading on Monday, reaching $76.50. 5,686 shares of the stock were exchanged, compared to its average volume of 13,311. The company has a market cap of $504.90 million, a P/E ratio of 30.82 and a beta of 1.25. iShares U.S. Tech Breakthrough Multisector ETF has a one year low of $53.33 and a one year high of $76.84. The stock’s 50 day simple moving average is $73.15 and its 200-day simple moving average is $67.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares U.S. Tech Breakthrough Multisector ETF stock. Elyxium Wealth LLC purchased a new stake in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 808 shares of the company’s stock, valued at approximately $49,000.

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.