iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Sees Large Increase in Short Interest

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the target of a large increase in short interest in 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 Price Performance

ETEC stock traded down $0.05 during trading on Thursday, reaching $20.43. 235 shares of the company were exchanged, compared to its average volume of 388. The company has a 50-day moving average of $21.19 and a two-hundred day moving average of $21.41. The company has a market capitalization of $3.27 million, a price-to-earnings ratio of 18.99 and a beta of 1.29. iShares Breakthrough Environmental Solutions ETF has a twelve month low of $19.62 and a twelve month high of $27.42.

About iShares Breakthrough Environmental Solutions ETF

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.