iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Large Growth in Short Interest

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 21,758 shares, a growth of 456.6% from the December 31st total of 3,909 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 34,163 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 34,163 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.1% of the shares of the company are short sold.

iShares Blockchain and Tech ETF Trading Down 3.6%

Shares of NYSEARCA:IBLC traded down $1.73 during midday trading on Thursday, reaching $45.78. The company had a trading volume of 18,949 shares, compared to its average volume of 36,387. iShares Blockchain and Tech ETF has a 52-week low of $21.46 and a 52-week high of $68.77. The company’s 50 day moving average price is $46.14 and its 200 day moving average price is $49.08. The stock has a market cap of $89.27 million, a P/E ratio of 24.74 and a beta of 3.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Foguth Wealth Management LLC. bought a new stake in iShares Blockchain and Tech ETF during the 4th quarter worth approximately $5,856,000. Jane Street Group LLC grew its position in iShares Blockchain and Tech ETF by 585.4% during the first quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock valued at $1,800,000 after acquiring an additional 62,297 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in iShares Blockchain and Tech ETF in the 3rd quarter worth $2,546,000. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Blockchain and Tech ETF by 21.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,198 shares of the company’s stock valued at $1,685,000 after acquiring an additional 7,343 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of iShares Blockchain and Tech ETF by 63.7% in the second quarter. Osaic Holdings Inc. now owns 34,016 shares of the company’s stock worth $1,336,000 after purchasing an additional 13,232 shares during the last quarter.

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.