Short Interest in iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Increases By 550.0%

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,300 shares, a growth of 550.0% from the August 31st total of 200 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 2.2 days.

iShares Breakthrough Environmental Solutions ETF Price Performance

iShares Breakthrough Environmental Solutions ETF stock traded up $0.63 during trading on Wednesday, reaching $21.98. 91 shares of the company were exchanged, compared to its average volume of 556. iShares Breakthrough Environmental Solutions ETF has a 52-week low of $18.82 and a 52-week high of $23.78. The company has a market capitalization of $3.52 million, a P/E ratio of 19.57 and a beta of 1.28. The stock’s 50 day simple moving average is $20.24 and its two-hundred day simple moving average is $21.04.

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.