Short Interest in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Increases By 901.0%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,062 shares, a growth of 901.0% from the January 15th total of 206 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,369 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 11,369 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

NYSEARCA TECB traded down $0.37 on Wednesday, reaching $57.79. 2,396 shares of the company’s stock traded hands, compared to its average volume of 13,132. The stock has a market cap of $413.19 million, a PE ratio of 30.82 and a beta of 1.17. iShares U.S. Tech Breakthrough Multisector ETF has a 12 month low of $41.69 and a 12 month high of $64.30. The stock has a 50-day simple moving average of $60.82 and a 200 day simple moving average of $60.34.

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

A number of large investors have recently added to or reduced their stakes in TECB. Elyxium Wealth LLC purchased a new stake in iShares U.S. Tech Breakthrough Multisector ETF during the fourth quarter valued at about $49,000. Fiduciary Alliance LLC grew its position in iShares U.S. Tech Breakthrough Multisector ETF by 13.5% during the 4th 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. grew its position in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in 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 worth $1,335,000 after purchasing an additional 939 shares during the period.

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.