iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Down 94.9% in July

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 293 shares, a decline of 94.9% from the July 15th total of 5,789 shares. Based on an average daily trading volume, of 9,337 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of iShares Blockchain and Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in shares of iShares Blockchain and Tech ETF by 2,193.7% in the fourth quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock valued at $3,776,000 after purchasing an additional 88,276 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in shares of iShares Blockchain and Tech ETF during the 3rd quarter valued at approximately $2,546,000. Foguth Wealth Management LLC. increased its stake in shares of iShares Blockchain and Tech ETF by 20.0% in the first quarter. Foguth Wealth Management LLC. now owns 159,355 shares of the company’s stock worth $5,823,000 after buying an additional 26,568 shares during the last quarter. Vise Technologies Inc. acquired a new stake in iShares Blockchain and Tech ETF in the fourth quarter valued at $657,000. Finally, James Investment Research Inc. bought a new position in iShares Blockchain and Tech ETF during the 1st quarter valued at $423,000.

iShares Blockchain and Tech ETF Trading Down 0.8%

Shares of iShares Blockchain and Tech ETF stock traded down $0.36 during trading hours on Thursday, reaching $43.34. The stock had a trading volume of 11,437 shares, compared to its average volume of 21,419. The stock’s 50 day moving average is $47.01 and its 200 day moving average is $44.87. iShares Blockchain and Tech ETF has a twelve month low of $33.88 and a twelve month high of $68.77. The firm has a market capitalization of $80.18 million, a PE ratio of 24.74 and a beta of 3.20.

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.