Short Interest in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Drops By 64.3%

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, a decline of 64.3% from the March 31st total of 1,400 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 2.5 days. Currently, 0.3% of the company’s stock are short sold.

iShares Breakthrough Environmental Solutions ETF Trading Down 0.8 %

NASDAQ ETEC opened at $17.90 on Friday. The firm has a market capitalization of $2.86 million, a P/E ratio of 15.48 and a beta of 1.14. The firm’s fifty day moving average price is $18.67 and its two-hundred day moving average price is $19.42. iShares Breakthrough Environmental Solutions ETF has a 1 year low of $15.72 and a 1 year high of $22.86.

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.