Short Interest in iShares Technology Opportunities Active ETF (NYSEARCA:TEK) Declines By 79.8%

iShares Technology Opportunities Active ETF (NYSEARCA:TEK) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,552 shares, a decline of 79.8% from the July 15th total of 17,546 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 6,163 shares, the days-to-cover ratio is presently 0.6 days.

iShares Technology Opportunities Active ETF Stock Performance

Shares of NYSEARCA TEK traded down $0.19 during midday trading on Friday, hitting $39.58. 3,744 shares of the company’s stock traded hands, compared to its average volume of 5,708. iShares Technology Opportunities Active ETF has a 1 year low of $26.72 and a 1 year high of $43.85. The stock has a market capitalization of $42.75 million, a price-to-earnings ratio of 43.98 and a beta of 2.02. The firm has a fifty day moving average of $39.18 and a 200 day moving average of $35.19.

About iShares Technology Opportunities Active ETF

The iShares Technology Opportunities Active ETF (TEK) is an exchange-traded fund that mostly invests in information technology equity. The fund is actively managed, investing in US and non-US technology companies across all market capitalizations. The fund aims for long-term growth of capital, focusing on firms with rapid growth potential in the industry TEK was launched on Oct 21, 2024 and is issued by BlackRock.