iShares Technology Opportunities Active ETF (NYSEARCA:TEK) Sees Large Growth in Short Interest

iShares Technology Opportunities Active ETF (NYSEARCA:TEK) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,313 shares, an increase of 114.3% from the April 15th total of 3,879 shares. Based on an average daily volume of 6,197 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.8% of the shares of the stock are sold short.

iShares Technology Opportunities Active ETF Price Performance

TEK stock opened at $39.11 on Friday. The firm has a 50 day simple moving average of $32.35 and a two-hundred day simple moving average of $31.23. The stock has a market cap of $40.67 million, a PE ratio of 43.98 and a beta of 1.89. iShares Technology Opportunities Active ETF has a one year low of $25.18 and a one year high of $40.18.

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.