iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) Sees Significant Growth in Short Interest

iShares Breakthrough Environmental Solutions ETF (NASDAQ:ETEC) was the recipient of a significant growth in short interest in 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 daily trading volume, of 600 shares, the short-interest ratio is currently 2.2 days.

iShares Breakthrough Environmental Solutions ETF Trading Up 1.3 %

NASDAQ ETEC traded up $0.29 on Friday, hitting $22.67. 220 shares of the company’s stock were exchanged, compared to its average volume of 549. iShares Breakthrough Environmental Solutions ETF has a 52 week low of $18.82 and a 52 week high of $23.78. The stock has a 50-day moving average of $20.28 and a 200-day moving average of $21.05. The stock has a market cap of $3.63 million, a price-to-earnings ratio of 19.57 and a beta of 1.28.

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.