Short Interest in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Drops By 94.9%

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 293 shares, a decrease of 94.9% from the July 15th total of 5,789 shares. Based on an average daily volume of 9,337 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

iShares Blockchain and Tech ETF Stock Performance

Shares of iShares Blockchain and Tech ETF stock traded up $0.46 during trading on Tuesday, hitting $42.87. 7,004 shares of the stock traded hands, compared to its average volume of 21,576. The stock has a market cap of $79.31 million, a P/E ratio of 24.74 and a beta of 3.20. iShares Blockchain and Tech ETF has a twelve month low of $33.88 and a twelve month high of $68.77. The company has a fifty day moving average price of $47.22 and a two-hundred day moving average price of $44.88.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. bought a new stake in iShares Blockchain and Tech ETF in the fourth quarter worth approximately $657,000. James Investment Research Inc. acquired a new position in shares of iShares Blockchain and Tech ETF during the 1st quarter worth $423,000. Foguth Wealth Management LLC. increased its stake in shares of iShares Blockchain and Tech ETF by 20.0% during the 1st quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock worth $5,823,000 after purchasing an additional 26,568 shares during the last quarter. Arax Advisory Partners bought a new position in shares of iShares Blockchain and Tech ETF during the 4th quarter valued at $31,000. Finally, Advisory Services Network LLC bought a new position in shares of iShares Blockchain and Tech ETF during the 3rd quarter valued at $78,000.

iShares Blockchain and Tech ETF Company Profile

The iShares Blockchain and Tech ETF (IBLC) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of global companies that are involved in the development, innovation, and utilisation of blockchain and crypto technologies. Constituents are selected based on their total revenue related to the target theme, and are weighted based on free-float market cap. IBLC was launched on Apr 25, 2022 and is managed by BlackRock.