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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 2,474 shares, a drop of 34.7% from the May 31st total of 3,791 shares. Based on an average daily trading volume, of 12,643 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

Shares of NYSEARCA:TECB opened at $71.91 on Thursday. The firm has a market cap of $478.20 million, a price-to-earnings ratio of 30.82 and a beta of 1.24. The business has a 50-day simple moving average of $68.86 and a two-hundred day simple moving average of $62.36. iShares U.S. Tech Breakthrough Multisector ETF has a fifty-two week low of $53.33 and a fifty-two week high of $74.28.

Institutional Investors Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Large investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter worth $49,000. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 1,271 shares during the last quarter. Fiduciary Alliance LLC grew its stake 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 purchasing an additional 860 shares during the period. Kirtland Hills Capital Management LLC increased its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock valued at $745,000 after purchasing an additional 4,089 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock valued at $1,335,000 after purchasing an additional 939 shares during the last quarter.

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.