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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 738 shares, a decline of 75.9% from the February 26th total of 3,062 shares. Based on an average daily volume of 16,395 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 16,395 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Several hedge funds have recently made changes to their positions in the stock. Kirtland Hills Capital Management LLC raised its stake 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 period. Elyxium Wealth LLC bought a new position in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter worth about $49,000. Fiduciary Alliance LLC boosted its stake in iShares U.S. Tech Breakthrough Multisector ETF by 13.5% in the 4th quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock worth $441,000 after purchasing an additional 860 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock valued at $81,000 after buying an additional 1,271 shares in 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 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 period.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 0.9%

TECB traded up $0.50 on Wednesday, hitting $56.08. The company’s stock had a trading volume of 11,891 shares, compared to its average volume of 14,670. iShares U.S. Tech Breakthrough Multisector ETF has a 12 month low of $41.69 and a 12 month high of $64.30. The firm has a market cap of $400.97 million, a P/E ratio of 30.82 and a beta of 1.17. The company’s 50 day simple moving average is $58.22 and its 200-day simple moving average is $60.16.

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.