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

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 5,044 shares, a decline of 47.7% from the February 26th total of 9,650 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 32,088 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBLC. Foguth Wealth Management LLC. acquired a new stake in iShares Blockchain and Tech ETF in the 4th quarter valued at about $5,856,000. Jane Street Group LLC raised its position in iShares Blockchain and Tech ETF by 2,193.7% during the fourth quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock worth $3,776,000 after acquiring an additional 88,276 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at about $2,546,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at about $1,875,000. Finally, Vise Technologies Inc. acquired a new stake in shares of iShares Blockchain and Tech ETF in the fourth quarter valued at approximately $657,000.

iShares Blockchain and Tech ETF Stock Performance

IBLC opened at $40.16 on Thursday. The company has a market cap of $78.31 million, a price-to-earnings ratio of 24.74 and a beta of 3.24. iShares Blockchain and Tech ETF has a one year low of $21.46 and a one year high of $68.77. The business’s fifty day moving average is $41.31 and its two-hundred day moving average is $48.32.

About iShares Blockchain and Tech ETF

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.