iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 470 shares, a decline of 90.9% from the May 14th total of 5,178 shares. Based on an average trading volume of 12,494 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Hedge Funds Weigh In On iShares Blockchain and Tech ETF
A number of hedge funds have recently modified their holdings of IBLC. Foguth Wealth Management LLC. bought a new position in iShares Blockchain and Tech ETF in the fourth quarter worth about $5,856,000. Strategic Advocates LLC bought a new position in iShares Blockchain and Tech ETF in the third quarter worth about $55,000. Financial Engines Advisors L.L.C. bought a new position in iShares Blockchain and Tech ETF in the third quarter worth about $2,546,000. WCG Wealth Advisors LLC raised its stake in iShares Blockchain and Tech ETF by 5.3% in the third quarter. WCG Wealth Advisors LLC now owns 23,897 shares of the company’s stock worth $1,324,000 after buying an additional 1,199 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in iShares Blockchain and Tech ETF in the second quarter worth about $437,000.
iShares Blockchain and Tech ETF Trading Down 3.6%
Shares of IBLC stock traded down $1.78 during mid-day trading on Wednesday, reaching $47.90. The stock had a trading volume of 4,528 shares, compared to its average volume of 24,608. The stock’s 50-day moving average price is $47.32 and its two-hundred day moving average price is $44.66. iShares Blockchain and Tech ETF has a 52-week low of $32.56 and a 52-week high of $68.77. The firm has a market capitalization of $88.62 million, a PE ratio of 24.74 and a beta of 3.16.
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.
Further Reading
- Five stocks we like better than iShares Blockchain and Tech ETF
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
- Palantir’s AIPCon Shows Why Customers Are Fueling the Bull Case
Receive News & Ratings for iShares Blockchain and Tech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Blockchain and Tech ETF and related companies with MarketBeat.com's FREE daily email newsletter.
