iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Sees Large Growth in Short Interest

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 17,457 shares, a growth of 1,829.0% from the January 29th total of 905 shares. Based on an average daily volume of 37,975 shares, the short-interest ratio is currently 0.5 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 37,975 shares, the short-interest ratio is currently 0.5 days.

iShares Blockchain and Tech ETF Stock Performance

Shares of NYSEARCA IBLC traded up $1.72 during trading on Wednesday, reaching $40.65. The company had a trading volume of 20,290 shares, compared to its average volume of 33,792. iShares Blockchain and Tech ETF has a 52 week low of $21.46 and a 52 week high of $68.77. The business’s 50 day moving average price is $42.77 and its 200-day moving average price is $48.73. The stock has a market cap of $79.27 million, a PE ratio of 24.74 and a beta of 3.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in iShares Blockchain and Tech ETF during the fourth quarter valued at approximately $31,000. HHM Wealth Advisors LLC raised its holdings in iShares Blockchain and Tech ETF by 123.8% in the third quarter. HHM Wealth Advisors LLC now owns 593 shares of the company’s stock worth $33,000 after purchasing an additional 328 shares during the period. Strategic Advocates LLC bought a new position in shares of iShares Blockchain and Tech ETF during the third quarter worth $55,000. Advisory Services Network LLC acquired a new position in shares of iShares Blockchain and Tech ETF in the 3rd quarter valued at $78,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of iShares Blockchain and Tech ETF in the 4th quarter valued at $238,000.

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.