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

by · The Cerbat Gem

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,653 shares, a drop of 68.6% from the August 15th total of 8,449 shares. Based on an average daily volume of 8,204 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kirtland Hills Capital Management LLC boosted its holdings in 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 acquiring an additional 4,089 shares during the period. Elyxium Wealth LLC purchased a new position in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter worth approximately $49,000. Ancora Advisors LLC lifted its position in 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 purchasing an additional 939 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $81,000 after purchasing an additional 1,271 shares during the last quarter.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

iShares U.S. Tech Breakthrough Multisector ETF stock traded up $0.62 during mid-day trading on Friday, hitting $75.41. The company’s stock had a trading volume of 3,909 shares, compared to its average volume of 13,355. The stock has a market cap of $497.71 million, a price-to-earnings ratio of 30.82 and a beta of 1.25. The business has a 50 day moving average price of $73.15 and a 200-day moving average price of $67.07. iShares U.S. Tech Breakthrough Multisector ETF has a 12 month low of $53.33 and a 12 month high of $76.84.

About iShares U.S. Tech Breakthrough Multisector ETF

(Get Free Report)

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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