Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Rises By 100.0%

iShares FinTech Active ETF (NYSEARCA:BPAY) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 338 shares, an increase of 100.0% from the April 15th total of 169 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,321 shares, the short-interest ratio is presently 0.3 days.

iShares FinTech Active ETF Trading Down 2.0%

NYSEARCA:BPAY traded down $0.49 during midday trading on Friday, reaching $23.94. The company had a trading volume of 707 shares, compared to its average volume of 2,083. The firm has a market capitalization of $8.62 million, a price-to-earnings ratio of 19.83 and a beta of 1.29. The stock’s fifty day simple moving average is $23.51 and its 200-day simple moving average is $26.02. iShares FinTech Active ETF has a 12-month low of $21.33 and a 12-month high of $34.69.

Institutional Trading of iShares FinTech Active ETF

A hedge fund recently bought a new stake in iShares FinTech Active ETF stock. Sunbelt Securities Inc. bought a new position in shares of iShares FinTech Active ETF (NYSEARCA:BPAY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned approximately 0.76% of iShares FinTech Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About iShares FinTech Active ETF

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.