iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Significant Decline in Short Interest

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 4,430 shares, a drop of 16.3% from the March 31st total of 5,291 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 20,695 shares, the days-to-cover ratio is currently 0.2 days.

iShares Blockchain and Tech ETF Price Performance

NYSEARCA:IBLC opened at $44.96 on Friday. The firm’s 50-day moving average price is $40.88 and its 200-day moving average price is $45.94. The company has a market capitalization of $83.18 million, a PE ratio of 24.74 and a beta of 3.23. iShares Blockchain and Tech ETF has a 1-year low of $27.06 and a 1-year high of $68.77.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. James Investment Research Inc. bought a new position in shares of iShares Blockchain and Tech ETF in the first quarter worth approximately $423,000. Osaic Holdings Inc. boosted its stake in iShares Blockchain and Tech ETF by 1.1% in the 4th quarter. Osaic Holdings Inc. now owns 32,880 shares of the company’s stock worth $1,345,000 after purchasing an additional 352 shares during the period. MML Investors Services LLC boosted its stake in iShares Blockchain and Tech ETF by 75.0% in the 4th quarter. MML Investors Services LLC now owns 9,023 shares of the company’s stock worth $369,000 after purchasing an additional 3,867 shares during the period. Arax Advisory Partners purchased a new stake in iShares Blockchain and Tech ETF during the 4th quarter valued at approximately $31,000. Finally, Jane Street Group LLC raised its position in shares of 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 valued at $3,776,000 after buying an additional 88,276 shares during the last quarter.

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.