iShares FinTech Active ETF (NYSEARCA:BPAY) Short Interest Up 186.5% in March

iShares FinTech Active ETF (NYSEARCA:BPAYGet Free Report) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 5,427 shares, a growth of 186.5% from the February 26th total of 1,894 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,213 shares, the days-to-cover ratio is currently 4.5 days. Based on an average daily trading volume, of 1,213 shares, the days-to-cover ratio is currently 4.5 days. Approximately 1.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares FinTech Active ETF

A hedge fund recently raised its stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. boosted its position in shares of iShares FinTech Active ETF (NYSEARCA:BPAYFree Report) by 323.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,663 shares of the company’s stock after purchasing an additional 8,910 shares during the period. Sunbelt Securities Inc. owned about 3.24% of iShares FinTech Active ETF worth $317,000 at the end of the most recent quarter.

iShares FinTech Active ETF Stock Up 0.0%

NYSEARCA:BPAY traded up $0.01 during trading hours on Wednesday, reaching $22.50. The company had a trading volume of 104 shares, compared to its average volume of 2,604. The stock has a 50-day moving average of $24.48 and a two-hundred day moving average of $28.17. iShares FinTech Active ETF has a one year low of $20.66 and a one year high of $34.69. The firm has a market capitalization of $8.10 million, a PE ratio of 19.83 and a beta of 1.30.

About iShares FinTech Active ETF

(Get Free Report)

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.

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