Cut the roast into 4 even pieces and season all sides with salt.
Set Instant Pot to the Sauté setting and then once fully heated, add coconut oill.
Add the roast pieces and brown on all sides, about 10 minutes.
Press Cancel, and add the broth over the beef. Close the lid and make sure the pressure-release valve is closed.
Cook at high pressure on Manual for 50 minutes. Once the Instant Pot beeps to signal that it's done, let it sit for 10-15 minutes to allow the pressure to release naturally until the lid opens.
Transfer the roast to a cutting board, and shred the meat with 2 forks. Return to the Instant Pot and keep warm until ready to use.
You can eat the beef on its own with various sides, or use in other dishes like tacos, burrito bowls, stir-fry, sandwiches, and more.