iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Short Interest Down 47.7% in March

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 5,044 shares, a decline of 47.7% from the February 26th total of 9,650 shares. Based on an average daily trading volume, of 32,088 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

iShares Blockchain and Tech ETF Trading Down 5.3%

IBLC traded down $2.00 on Friday, hitting $35.82. 15,088 shares of the company’s stock were exchanged, compared to its average volume of 30,651. The firm has a market cap of $69.85 million, a PE ratio of 24.74 and a beta of 3.24. iShares Blockchain and Tech ETF has a twelve month low of $21.46 and a twelve month high of $68.77. The stock has a fifty day moving average of $40.88 and a two-hundred day moving average of $48.20.

Institutional Trading of iShares Blockchain and Tech ETF

Hedge funds have recently made changes to their positions in the stock. Foguth Wealth Management LLC. acquired a new position in iShares Blockchain and Tech ETF during the 4th quarter valued at approximately $5,856,000. Jane Street Group LLC increased its holdings in shares of iShares Blockchain and Tech ETF by 2,193.7% in the 4th quarter. Jane Street Group LLC now owns 92,300 shares of the company’s stock worth $3,776,000 after acquiring an additional 88,276 shares during the period. Financial Engines Advisors L.L.C. bought a new stake in shares of iShares Blockchain and Tech ETF during the third quarter valued at approximately $2,546,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares Blockchain and Tech ETF by 21.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,198 shares of the company’s stock worth $1,685,000 after buying an additional 7,343 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in iShares Blockchain and Tech ETF by 63.7% in the 2nd quarter. Osaic Holdings Inc. now owns 34,016 shares of the company’s stock worth $1,336,000 after buying an additional 13,232 shares in the last quarter.

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.