iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 376 shares, a decrease of 64.2% from the September 30th total of 1,051 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 582 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in iShares Breakthrough Environmental Solutions ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 7,637 shares of the company’s stock, valued at approximately $205,000. Sunbelt Securities Inc. owned about 4.77% of iShares Breakthrough Environmental Solutions ETF at the end of the most recent reporting period.
iShares Breakthrough Environmental Solutions ETF Stock Performance
NASDAQ ETEC traded down $0.37 on Thursday, reaching $22.45. The stock had a trading volume of 1,786 shares, compared to its average volume of 849. The stock has a market cap of $3.59 million, a P/E ratio of 18.19 and a beta of 1.17. iShares Breakthrough Environmental Solutions ETF has a 12-month low of $22.31 and a 12-month high of $32.40. The business’s 50-day moving average price is $24.66 and its 200 day moving average price is $27.23.
iShares Breakthrough Environmental Solutions ETF Company Profile
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.
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