Short Interest in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Increases By 532.2%

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 17,632 shares, an increase of 532.2% from the June 15th total of 2,789 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 14,088 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On iShares Blockchain and Tech ETF

Large investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of iShares Blockchain and Tech ETF by 585.4% in the 1st quarter. Jane Street Group LLC now owns 72,938 shares of the company’s stock worth $1,800,000 after acquiring an additional 62,297 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of iShares Blockchain and Tech ETF during the second quarter worth about $437,000. WCG Wealth Advisors LLC raised its holdings in iShares Blockchain and Tech ETF by 5.3% during the third quarter. WCG Wealth Advisors LLC now owns 23,897 shares of the company’s stock worth $1,324,000 after purchasing an additional 1,199 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in iShares Blockchain and Tech ETF in the third quarter valued at about $2,546,000. Finally, Advisory Services Network LLC acquired a new stake in iShares Blockchain and Tech ETF in the third quarter valued at about $78,000.

iShares Blockchain and Tech ETF Trading Down 3.4%

Shares of iShares Blockchain and Tech ETF stock traded down $1.57 during trading hours on Monday, hitting $44.57. 5,031 shares of the company were exchanged, compared to its average volume of 23,399. The business has a 50-day moving average of $50.83 and a 200-day moving average of $45.03. iShares Blockchain and Tech ETF has a 1 year low of $33.88 and a 1 year high of $68.77. The stock has a market capitalization of $82.45 million, a price-to-earnings ratio of 24.74 and a beta of 3.19.

iShares Blockchain and Tech ETF Company Profile

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.