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

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 738 shares, a drop of 75.9% from the February 26th total of 3,062 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 16,395 shares, the short-interest ratio is currently 0.0 days.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

NYSEARCA:TECB traded down $0.96 during midday trading on Thursday, reaching $55.12. 25,296 shares of the company traded hands, compared to its average volume of 14,852. iShares U.S. Tech Breakthrough Multisector ETF has a twelve month low of $41.69 and a twelve month high of $64.30. The firm has a market capitalization of $394.11 million, a price-to-earnings ratio of 30.82 and a beta of 1.17. The company has a fifty day moving average price of $58.11 and a 200 day moving average price of $60.14.

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

Several hedge funds and other institutional investors have recently modified their holdings of TECB. Elyxium Wealth LLC bought a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the fourth quarter worth about $49,000. JPMorgan Chase & Co. increased its holdings in shares of iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in 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 period. Fiduciary Alliance LLC lifted its position in iShares U.S. Tech Breakthrough Multisector ETF by 12.9% in the 3rd quarter. Fiduciary Alliance LLC now owns 6,385 shares of the company’s stock valued at $385,000 after purchasing an additional 728 shares during the last quarter. Kirtland Hills Capital Management LLC lifted its position in 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. Finally, Ancora Advisors LLC boosted its stake in 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 valued at $1,335,000 after purchasing an additional 939 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.