Short Interest in iShares FinTech Active ETF (NYSEARCA:BPAY) Rises By 186.5%
by Amy Steele · The Cerbat GemiShares FinTech Active ETF (NYSEARCA:BPAY – Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 5,427 shares, a growth of 186.5% from the February 26th total of 1,894 shares. Based on an average trading volume of 1,213 shares, the short-interest ratio is currently 4.5 days. Approximately 1.5% of the shares of the stock are sold short.
Hedge Funds Weigh In On iShares FinTech Active ETF
An institutional investor recently bought a new position in iShares FinTech Active ETF stock. Sunbelt Securities Inc. purchased a new stake in iShares FinTech Active ETF (NYSEARCA:BPAY – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,753 shares of the company’s stock, valued at approximately $88,000. Sunbelt Securities Inc. owned approximately 0.76% of iShares FinTech Active ETF at the end of the most recent reporting period.
iShares FinTech Active ETF Stock Performance
NYSEARCA:BPAY traded down $0.88 during trading hours on Friday, hitting $21.33. The company’s stock had a trading volume of 1,099 shares, compared to its average volume of 2,600. iShares FinTech Active ETF has a 52-week low of $20.66 and a 52-week high of $34.69. The business’s 50-day moving average is $24.28 and its two-hundred day moving average is $28.08. The company has a market capitalization of $7.68 million, a PE ratio of 19.83 and a beta of 1.30.
iShares FinTech Active ETF Company Profile
The BlackRock Future Financial and Technology ETF (BPAY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global companies involved in innovative technologies used and applied in financial services. BPAY was launched on Aug 16, 2022 and is managed by BlackRock.