iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Update

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 206 shares, a decline of 85.0% from the December 31st total of 1,371 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,014 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 15,014 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Trading Down 1.1%

Shares of NYSEARCA:TECB traded down $0.67 on Thursday, reaching $60.67. 20,369 shares of the company traded hands, compared to its average volume of 12,862. The stock has a market capitalization of $433.79 million, a P/E ratio of 30.82 and a beta of 1.17. iShares U.S. Tech Breakthrough Multisector ETF has a 52 week low of $41.69 and a 52 week high of $64.30. The business’s 50-day simple moving average is $61.14 and its 200 day simple moving average is $60.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in 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 last quarter. Ancora Advisors LLC grew its position in iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during 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 during the period. Finally, Fiduciary Alliance LLC grew its position 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 valued at $441,000 after acquiring an additional 860 shares during the period.

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.