Short Interest in iShares Blockchain and Tech ETF (NYSEARCA:IBLC) Drops By 68.9%

iShares Blockchain and Tech ETF (NYSEARCA:IBLC) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,909 shares, a drop of 68.9% from the December 15th total of 12,573 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 44,980 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 44,980 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

iShares Blockchain and Tech ETF Stock Up 1.0%

Shares of NYSEARCA IBLC traded up $0.45 during mid-day trading on Tuesday, reaching $47.22. 27,102 shares of the company were exchanged, compared to its average volume of 35,347. The firm has a 50-day moving average of $47.48 and a 200 day moving average of $48.64. iShares Blockchain and Tech ETF has a 1 year low of $21.46 and a 1 year high of $68.77. The stock has a market cap of $92.07 million, a price-to-earnings ratio of 24.74 and a beta of 3.24.

Institutional Trading of iShares Blockchain and Tech ETF

Several institutional investors have recently added to or reduced their stakes in IBLC. HHM Wealth Advisors LLC lifted its stake in iShares Blockchain and Tech ETF by 123.8% during 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 in the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Blockchain and Tech ETF in the 2nd quarter valued at $30,000. Strategic Advocates LLC acquired a new position in shares of iShares Blockchain and Tech ETF in the third quarter valued at approximately $55,000. Advisory Services Network LLC acquired a new position in iShares Blockchain and Tech ETF during the 3rd quarter worth $78,000. Finally, WMG Financial Advisors LLC purchased a new stake in iShares Blockchain and Tech ETF during the 2nd quarter worth about $235,000.

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.