Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Rises By 100.0%

iShares FinTech Active ETF (NYSEARCA:BPAY) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 338 shares, a growth of 100.0% from the April 15th total of 169 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,321 shares, the short-interest ratio is presently 0.3 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. purchased a new stake in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

iShares FinTech Active ETF Price Performance

BPAY traded up $0.24 during trading on Monday, hitting $24.18. 342 shares of the stock traded hands, compared to its average volume of 2,064. The firm has a market capitalization of $8.70 million, a P/E ratio of 19.83 and a beta of 1.29. The firm has a 50-day moving average of $23.52 and a 200 day moving average of $25.92. iShares FinTech Active ETF has a 12-month low of $21.33 and a 12-month high of $34.69.

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.