iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Down 54.2% in February

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 944 shares, a decline of 54.2% from the January 29th total of 2,062 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 19,360 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 19,360 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

iShares U.S. Tech Breakthrough Multisector ETF Price Performance

NYSEARCA:TECB traded down $0.15 during trading hours on Friday, reaching $57.13. 5,969 shares of the company were exchanged, compared to its average volume of 14,850. The firm has a market cap of $408.47 million, a price-to-earnings ratio of 30.82 and a beta of 1.17. iShares U.S. Tech Breakthrough Multisector ETF has a 52-week low of $41.69 and a 52-week high of $64.30. The stock has a 50 day simple moving average of $59.80 and a 200 day simple moving average of $60.25.

Institutional Trading of iShares U.S. Tech Breakthrough Multisector ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TECB. Elyxium Wealth LLC acquired a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the fourth quarter valued at $49,000. JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% in the third 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. Fiduciary Alliance LLC raised its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 12.9% during the 3rd quarter. Fiduciary Alliance LLC now owns 6,385 shares of the company’s stock worth $385,000 after purchasing an additional 728 shares in the last quarter. Kirtland Hills Capital Management LLC lifted its stake in shares of 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 grew its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 4.4% during the third 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 last quarter.

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.