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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 4,678 shares, a growth of 223.3% from the April 30th total of 1,447 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 16,411 shares, the short-interest ratio is presently 0.3 days.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

Shares of NYSEARCA TECB opened at $73.37 on Friday. The stock has a market capitalization of $520.93 million, a price-to-earnings ratio of 30.82 and a beta of 1.22. The business has a 50-day moving average of $62.65 and a 200-day moving average of $60.80. iShares U.S. Tech Breakthrough Multisector ETF has a fifty-two week low of $52.88 and a fifty-two week high of $73.40.

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

Several hedge funds have recently modified their holdings of the stock. Elyxium Wealth LLC bought a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter valued at about $49,000. Fiduciary Alliance LLC grew its holdings in shares of 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 valued at $441,000 after acquiring an additional 860 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF by 4.4% in the 3rd quarter. Ancora Advisors LLC now owns 22,121 shares of the company’s stock valued at $1,335,000 after acquiring an additional 939 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after purchasing an additional 1,271 shares during the period. Finally, Kirtland Hills Capital Management LLC grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 50.2% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 12,229 shares of the company’s stock worth $745,000 after purchasing an additional 4,089 shares during the period.

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.