iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Short Interest Down 32.6% in August

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,431 shares, a decrease of 32.6% from the July 30th total of 2,124 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 312 shares, the short-interest ratio is presently 4.6 days.

Institutional Trading of iShares Breakthrough Environmental Solutions ETF

A hedge fund recently bought a new stake in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned approximately 4.77% of iShares Breakthrough Environmental Solutions ETF as of its most recent SEC filing.

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iShares Breakthrough Environmental Solutions ETF Stock Performance

Shares of NASDAQ ETEC opened at $25.26 on Thursday. iShares Breakthrough Environmental Solutions ETF has a one year low of $23.00 and a one year high of $32.40. The firm has a market capitalization of $4.04 million, a P/E ratio of 18.19 and a beta of 1.17. The company’s fifty day moving average is $27.45 and its two-hundred day moving average is $28.21.

iShares Breakthrough Environmental Solutions ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.0959 dividend. The ex-dividend date was Monday, June 15th.

iShares Breakthrough Environmental Solutions ETF Company Profile

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The iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score) ETEC was launched on Mar 28, 2023 and is managed by BlackRock.

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