Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Rises By 186.5%

iShares FinTech Active ETF (NYSEARCA:BPAY) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 5,427 shares, an increase of 186.5% from the February 26th total of 1,894 shares. Based on an average trading volume of 1,213 shares, the short-interest ratio is presently 4.5 days. Currently, 1.5% of the company’s stock are short sold. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 1,213 shares, the short-interest ratio is presently 4.5 days.

Institutional Investors Weigh In On iShares FinTech Active ETF

A hedge fund recently bought a new stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. acquired a new position in iShares FinTech Active ETF (NYSEARCA:BPAY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned about 0.76% of iShares FinTech Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

iShares FinTech Active ETF Price Performance

BPAY traded up $0.01 during trading on Wednesday, reaching $22.50. 104 shares of the stock traded hands, compared to its average volume of 2,604. The stock has a market cap of $8.10 million, a price-to-earnings ratio of 19.83 and a beta of 1.30. iShares FinTech Active ETF has a fifty-two week low of $20.66 and a fifty-two week high of $34.69. The stock’s 50-day simple moving average is $24.48 and its two-hundred day simple moving average is $28.17.

About iShares FinTech Active ETF

The BlackRock Future Financial and Technology ETF (BPAY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global companies involved in innovative technologies used and applied in financial services. BPAY was launched on Aug 16, 2022 and is managed by BlackRock.