Short Interest in iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Increases By 148.0%

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,830 shares, an increase of 148.0% from the March 15th total of 738 shares. Based on an average daily trading volume, of 11,707 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Stock Up 2.6%

Shares of TECB stock opened at $58.68 on Tuesday. iShares U.S. Tech Breakthrough Multisector ETF has a twelve month low of $44.56 and a twelve month high of $64.30. The company has a market cap of $419.56 million, a P/E ratio of 30.82 and a beta of 1.20. The business has a fifty day simple moving average of $56.97 and a 200 day simple moving average of $59.79.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC increased its holdings 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 in the last quarter. Kirtland Hills Capital Management LLC increased its holdings 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 worth $745,000 after purchasing an additional 4,089 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 13.5% in the 4th quarter. Fiduciary Alliance LLC now owns 7,245 shares of the company’s stock worth $441,000 after purchasing an additional 860 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 1,271 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in iShares U.S. Tech Breakthrough Multisector ETF in the 4th quarter worth about $49,000.

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.