iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Large Growth in Short Interest
by Doug Wharley · The Cerbat GemiShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,789 shares, an increase of 493.4% from the May 31st total of 470 shares. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.
Institutional Trading of iShares Blockchain and Tech ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in iShares Blockchain and Tech ETF in the 4th quarter valued at $31,000. Strategic Advocates LLC purchased a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at $55,000. Advisory Services Network LLC purchased a new stake in shares of iShares Blockchain and Tech ETF in the third quarter valued at $78,000. Commonwealth Equity Services LLC purchased a new stake in shares of iShares Blockchain and Tech ETF in the fourth quarter valued at $238,000. Finally, Sound Income Strategies LLC acquired a new position in iShares Blockchain and Tech ETF in the fourth quarter valued at $258,000.
iShares Blockchain and Tech ETF Trading Up 1.9%
Shares of iShares Blockchain and Tech ETF stock traded up $0.93 during mid-day trading on Friday, hitting $49.47. 9,204 shares of the stock were exchanged, compared to its average volume of 24,055. The company has a 50-day simple moving average of $50.60 and a 200 day simple moving average of $45.02. The stock has a market capitalization of $91.52 million, a price-to-earnings ratio of 24.74 and a beta of 3.16. iShares Blockchain and Tech ETF has a twelve month low of $33.88 and a twelve month high of $68.77.
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.