iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Update

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 17,632 shares, a growth of 532.2% from the June 15th total of 2,789 shares. Based on an average daily trading volume, of 14,088 shares, the short-interest ratio is presently 1.3 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Trading of iShares Blockchain and Tech ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IBLC. Foguth Wealth Management LLC. acquired a new stake in iShares Blockchain and Tech ETF during the fourth quarter valued at approximately $5,856,000. Jane Street Group LLC grew its position in iShares Blockchain and Tech ETF by 2,193.7% in the fourth quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock worth $3,776,000 after buying an additional 88,276 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of iShares Blockchain and Tech ETF in the third quarter valued at $2,546,000. Vise Technologies Inc. bought a new position in shares of iShares Blockchain and Tech ETF in the fourth quarter valued at $657,000. Finally, James Investment Research Inc. acquired a new stake in shares of iShares Blockchain and Tech ETF during the 1st quarter valued at $423,000.

iShares Blockchain and Tech ETF Price Performance

Shares of iShares Blockchain and Tech ETF stock traded down $1.64 during trading on Monday, hitting $44.50. The stock had a trading volume of 6,054 shares, compared to its average volume of 23,407. The business has a fifty day moving average of $50.83 and a two-hundred day moving average of $45.03. iShares Blockchain and Tech ETF has a fifty-two week low of $33.88 and a fifty-two week high of $68.77. The firm has a market cap of $82.33 million, a P/E ratio of 24.74 and a beta of 3.19.

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.