Short Interest in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Rises By 500.0%

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,200 shares, an increase of 500.0% from the March 31st total of 700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 10.5 days.

iShares Breakthrough Environmental Solutions ETF Stock Performance

ETEC stock traded up $0.48 during trading on Friday, hitting $20.91. 483 shares of the company traded hands, compared to its average volume of 389. The company has a 50-day moving average of $21.19 and a 200-day moving average of $21.40. iShares Breakthrough Environmental Solutions ETF has a 1 year low of $19.62 and a 1 year high of $27.42. The firm has a market capitalization of $3.35 million, a PE ratio of 18.99 and a beta of 1.29.

About iShares Breakthrough Environmental Solutions ETF

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.