iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Short Interest Update

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,431 shares, a decrease of 32.6% from the July 30th total of 2,124 shares. Based on an average daily trading volume, of 312 shares, the short-interest ratio is currently 4.6 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Breakthrough Environmental Solutions ETF

A hedge fund recently bought a new position in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned about 4.77% of iShares Breakthrough Environmental Solutions ETF as of its most recent SEC filing.

iShares Breakthrough Environmental Solutions ETF Price Performance

NASDAQ:ETEC opened at $25.33 on Wednesday. The company has a market cap of $4.05 million, a price-to-earnings ratio of 18.19 and a beta of 1.17. iShares Breakthrough Environmental Solutions ETF has a 1 year low of $23.00 and a 1 year high of $32.40. The stock’s 50 day simple moving average is $27.53 and its two-hundred day simple moving average is $28.23.

iShares Breakthrough Environmental Solutions ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.0959 dividend. The ex-dividend date was Monday, June 15th.

About iShares Breakthrough Environmental Solutions ETF

The iShares Breakthrough Environmental Solutions ETF (ETEC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies involved in breakthrough innovations addressing climate transition. The fund selects stocks by utilizing an Adoption Curve that contributes to a companys aggregate score (sum of revenue earned from green technology and product innovation score) ETEC was launched on Mar 28, 2023 and is managed by BlackRock.