iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,536 shares, an increase of 586.3% from the July 15th total of 1,681 shares. Based on an average trading volume of 9,221 shares, the short-interest ratio is currently 1.3 days. Approximately 0.2% of the company’s stock are sold short.
Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kirtland Hills Capital Management LLC raised its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 50.2% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock worth $745,000 after buying an additional 4,089 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of 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 last quarter. JPMorgan Chase & Co. increased 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 valued at $81,000 after acquiring an additional 1,271 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF during the fourth quarter valued at approximately $49,000.
iShares U.S. Tech Breakthrough Multisector ETF Price Performance
Shares of NYSEARCA:TECB opened at $75.90 on Friday. The business has a fifty day moving average price of $71.04 and a 200-day moving average price of $64.64. The company has a market capitalization of $500.94 million, a PE ratio of 30.82 and a beta of 1.25. iShares U.S. Tech Breakthrough Multisector ETF has a 1-year low of $53.33 and a 1-year high of $75.90.
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.
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