iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Up 532.2% in June

by · The Markets Daily

iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 17,632 shares, a growth of 532.2% from the June 15th total of 2,789 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 14,088 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On iShares Blockchain and Tech ETF

Several hedge funds have recently added to or reduced their stakes in IBLC. Vise Technologies Inc. bought a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter valued at $657,000. Foguth Wealth Management LLC. bought a new position in iShares Blockchain and Tech ETF during the 4th quarter worth $5,856,000. James Investment Research Inc. acquired a new position in iShares Blockchain and Tech ETF during the 1st quarter worth about $423,000. Strategic Advocates LLC bought a new stake in shares of iShares Blockchain and Tech ETF in the 3rd quarter valued at about $55,000. Finally, MML Investors Services LLC grew its position in shares of iShares Blockchain and Tech ETF by 75.0% in the 4th quarter. MML Investors Services LLC now owns 9,023 shares of the company’s stock valued at $369,000 after buying an additional 3,867 shares during the last quarter.

iShares Blockchain and Tech ETF Stock Down 0.7%

Shares of IBLC stock traded down $0.32 during mid-day trading on Friday, reaching $46.14. 4,063 shares of the stock traded hands, compared to its average volume of 23,542. The company has a market cap of $85.36 million, a price-to-earnings ratio of 24.74 and a beta of 3.19. The stock’s fifty day simple moving average is $50.83 and its two-hundred day simple moving average is $45.02. iShares Blockchain and Tech ETF has a 1-year low of $33.88 and a 1-year high of $68.77.

iShares Blockchain and Tech ETF Company Profile

(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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