iShares Technology Opportunities Active ETF (NYSEARCA:TEK) Sees Significant Increase in Short Interest

iShares Technology Opportunities Active ETF (NYSEARCA:TEK) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 5,907 shares, a growth of 66.3% from the July 30th total of 3,552 shares. Based on an average trading volume of 4,356 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company’s stock are sold short.

iShares Technology Opportunities Active ETF Stock Performance

Shares of NYSEARCA:TEK traded down $0.58 during trading hours on Tuesday, reaching $37.88. The stock had a trading volume of 11,980 shares, compared to its average volume of 5,618. iShares Technology Opportunities Active ETF has a 1 year low of $26.72 and a 1 year high of $43.85. The firm’s 50 day moving average is $38.59 and its 200-day moving average is $35.84. The stock has a market capitalization of $40.91 million, a price-to-earnings ratio of 43.98 and a beta of 2.02.

About iShares Technology Opportunities Active ETF

The iShares Technology Opportunities Active ETF (TEK) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively managed, investing in US and non-US technology companies across all market capitalizations. The fund aims for long-term growth of capital, focusing on firms with rapid growth potential in the industry TEK was launched on Oct 21, 2024 and is issued by BlackRock.