iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Sees Large Drop in Short Interest

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 716 shares, a decline of 73.0% from the August 31st total of 2,653 shares. Based on an average daily volume of 6,891 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

iShares U.S. Tech Breakthrough Multisector ETF Trading Down 0.5%

Shares of NYSEARCA TECB opened at $79.47 on Friday. The stock has a market capitalization of $524.50 million, a PE ratio of 30.82 and a beta of 1.25. The stock’s fifty day simple moving average is $74.42 and its two-hundred day simple moving average is $68.53. iShares U.S. Tech Breakthrough Multisector ETF has a 12-month low of $53.33 and a 12-month high of $79.95.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

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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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