Short Interest in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Grows By 500.0%

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 4,200 shares, an increase of 500.0% from the March 31st total of 700 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 10.5 days.

iShares Breakthrough Environmental Solutions ETF Stock Performance

Shares of NASDAQ ETEC traded up $0.43 during midday trading on Friday, hitting $20.86. 469 shares of the company traded hands, compared to its average volume of 389. iShares Breakthrough Environmental Solutions ETF has a 12-month low of $19.62 and a 12-month high of $27.42. The stock has a 50-day moving average price of $21.19 and a 200 day moving average price of $21.41. The firm has a market cap of $3.34 million, a P/E ratio of 18.99 and a beta of 1.29.

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.