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

by · The Cerbat Gem

iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) saw a large decline in short interest in 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 daily trading volume, of 12,494 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

iShares Blockchain and Tech ETF Stock Performance

Shares of IBLC stock traded down $1.60 during midday trading on Tuesday, reaching $49.68. 28,699 shares of the company were exchanged, compared to its average volume of 24,795. iShares Blockchain and Tech ETF has a 12 month low of $32.56 and a 12 month high of $68.77. The company has a market cap of $91.91 million, a P/E ratio of 24.74 and a beta of 3.16. The company’s 50 day moving average price is $47.32 and its two-hundred day moving average price is $44.66.

Institutional Trading of iShares Blockchain and Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners bought a new stake in shares of iShares Blockchain and Tech ETF during the 4th quarter worth about $31,000. Strategic Advocates LLC bought a new stake in shares of iShares Blockchain and Tech ETF during the 3rd quarter worth about $55,000. Advisory Services Network LLC bought a new stake in shares of iShares Blockchain and Tech ETF in the 3rd quarter worth approximately $78,000. Commonwealth Equity Services LLC bought a new stake in shares of iShares Blockchain and Tech ETF in the 4th quarter worth approximately $238,000. Finally, Sound Income Strategies LLC bought a new stake in shares of iShares Blockchain and Tech ETF in the 4th quarter worth approximately $258,000.

About iShares Blockchain and Tech ETF

(Get Free Report)

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.

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