iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Down 32.7% in July

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,681 shares, a drop of 32.7% from the June 30th total of 2,496 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,964 shares, the days-to-cover ratio is presently 0.2 days.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

iShares U.S. Tech Breakthrough Multisector ETF stock opened at $69.50 on Friday. The company’s 50 day simple moving average is $70.76 and its 200-day simple moving average is $63.75. iShares U.S. Tech Breakthrough Multisector ETF has a 1 year low of $53.33 and a 1 year high of $74.28. The company has a market capitalization of $458.70 million, a price-to-earnings ratio of 30.82 and a beta of 1.24.

Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kirtland Hills Capital Management LLC lifted its stake in iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the fourth 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after buying an additional 1,271 shares during the period. Ancora Advisors LLC grew its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the third quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock valued at $1,335,000 after buying an additional 939 shares in the last quarter. Fiduciary Alliance LLC grew its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 13.5% in the fourth quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock valued at $441,000 after buying an additional 860 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF in the fourth quarter valued at $49,000.

About iShares U.S. Tech Breakthrough Multisector ETF

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.