iShares Blockchain and Tech ETF (NYSEARCA:IBLC – Get Free Report) was the target of a significant increase in short interest in the month of 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 22,100 shares, the short-interest ratio is presently 0.1 days.
iShares Blockchain and Tech ETF Stock Up 1.9%
Shares of NYSEARCA IBLC traded up $0.93 during mid-day trading on Friday, hitting $49.47. 9,204 shares of the company were exchanged, compared to its average volume of 24,055. The stock has a 50 day simple moving average of $50.60 and a 200-day simple moving average of $45.02. iShares Blockchain and Tech ETF has a 1-year low of $33.88 and a 1-year high of $68.77. The firm has a market cap of $91.52 million, a price-to-earnings ratio of 24.74 and a beta of 3.16.
Institutional Trading of iShares Blockchain and Tech ETF
Several hedge funds have recently made changes to their positions in the company. Arax Advisory Partners acquired a new position in shares of iShares Blockchain and Tech ETF during the fourth quarter worth about $31,000. Strategic Advocates LLC purchased a new position in iShares Blockchain and Tech ETF during the third quarter worth about $55,000. Advisory Services Network LLC acquired a new stake in iShares Blockchain and Tech ETF in the third quarter valued at about $78,000. Commonwealth Equity Services LLC purchased a new stake in iShares Blockchain and Tech ETF in the 4th quarter valued at approximately $238,000. Finally, Sound Income Strategies LLC acquired a new position in iShares Blockchain and Tech ETF during the 4th quarter worth approximately $258,000.
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.
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