Short Interest in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Increases By 224.4%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,062 shares, a growth of 224.4% from the February 12th total of 944 shares. Based on an average daily volume of 14,878 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 14,878 shares, the days-to-cover ratio is currently 0.2 days.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

Shares of TECB stock traded up $0.03 during trading hours on Wednesday, reaching $57.86. The company had a trading volume of 5,769 shares, compared to its average volume of 15,235. iShares U.S. Tech Breakthrough Multisector ETF has a 12-month low of $41.69 and a 12-month high of $64.30. The company has a market capitalization of $413.70 million, a price-to-earnings ratio of 30.82 and a beta of 1.17. The stock has a fifty day moving average of $59.17 and a 200-day moving average of $60.26.

Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF

Several hedge funds have recently made changes to their positions in the company. Fiduciary Alliance LLC increased its stake in iShares U.S. Tech Breakthrough Multisector ETF by 13.5% during the fourth quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock worth $441,000 after acquiring an additional 860 shares during the last quarter. JPMorgan Chase & Co. raised 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 period. Kirtland Hills Capital Management LLC lifted its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 50.2% in 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 last quarter. Ancora Advisors LLC grew its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock worth $1,335,000 after purchasing an additional 939 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of iShares U.S. Tech Breakthrough Multisector ETF during the 4th quarter worth about $49,000.

About iShares U.S. Tech Breakthrough Multisector ETF

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.